Three Leading U.S. Bakeries Merge
Hearthside Food Solutions has acquired Consolidated Biscuit Co. and Golden Temple of Oregon’s cereal division, creating one of North America’s premier bakeries with approximately $700 million in total revenue, 12 facilities across seven states and long-term relationships with many leading food manufacturers and retailers.
“Through these acquisitions, Hearthside partners with two industry leaders to expand our product capabilities to better serve our existing and new customers,” said Rich Scalise, chief executive officer of Downers Grove, Ill.-based Hearthside Food Solutions. “We look forward to building new relationships, supplying new products and further positioning Hearthside as a leader in the baking industry.”
Hearthside Food Solutions is a leading manufacturer of specialty food products, including granola bars, croutons, cereals, popcorn and snack mixes. It also has facilities in Grand Rapids, Mich.
Consolidated Biscuit Co., based in McComb, Ohio, is a leading producer of a wide variety of cookies, crackers, toaster pastries, fruit and cereal bars, ice cream cones, nuts and candies.
Golden Temple’s cereal division, which is located in Eugene, Ore., is a leading manufacturer and marketer of all-natural, ready-to-eat cereals, bulk granola and granola snacks. This division provides private label cereal to some of the nation’s leading food retailers and manufactures branded cereals and granolas under the Peace, Yogi, Sweet Home Farm and Golden Temple brands.
“Both Consolidated Biscuit and Golden Temple’s cereal division have strong customer relationships, talented workforces and reputations for high quality products. We are eager to continue building upon their successful track records,” Scalise said.