Industry News

East Balt to be acquired by One Equity Partners

November 28, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

East Balt Inc., a Chicago-based baking company, announced Nov. 27 that it will be acquired by One Equity Partners, the private investment arm of JPMorgan Chase & Co. Terms of the transaction, which is expected to close before the end of 2012, pending regulatory approvals and normal closing conditions, were not disclosed.

“We are pleased to be entering into a new chapter in East Balt’s history,” says Frank Kuchuris, CEO of East Balt. “We believe that this partnership will create exciting opportunities for our company, our customers and our employees. My management team looks forward to working with One Equity Partners to build a world-class enterprise.”

According to Thomas Kichler, managing director of One Equity, “East Balt is a quality and service leader, and O.E.P. is excited to help the company grow with its valued customers.”

East Balt reportedly operates two U.S. baking plants—one in Denver and one in Chicago—as well as 20 baking plants in 12 countries on four continents. The company's product portfolio includes buns, bagels, biscuits, English muffins, tortillas and breads.

Source: FoodBusinessNews.net, GlobeNewsWire.com

Did you enjoy this article? Click here to subscribe to Snack Food & Wholesale Bakery Magazine 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Bakery of the Year: Capistrano's Wholesale Bakery, Phoenix AZ

Here’s a look at Capistrano’s Bakery, our 2014 Bakery of the Year.

11/7/13 2:00 pm EST

Food Plant of the Future: The Future of Wastewater Management

Available On-Demand Effective management of wastewater is becoming increasingly critical to food and beverage processors as the cost for incoming water increases...

National Pizza Month

October is National Pizza Month! Where do you go to grab a slice (or two) of your favorite pie?
View Results Poll Archive

THE SNACK AND BAKERY STORE

organic-production-&-food-q.gif
Organic Production and Food Quality: A Down to Earth Analysis

Effects of Organic Production on Food Quality is the first comprehensive book on how organic production methods influence the safety and quality of foods, based on an unbiased assessment of the latest scientific findings.  The title is a 'must-have' for everyone working within the food industry.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook IconTwitter IconYoutube IconLinkedIn Icon

The Weekly Mix

Operations Weekly Logo

Written by Snack Food & Wholesale Bakery editors, our Operations Weekly weekly enewsletter provides bakers and snack food manufacturers with up-to-the-minute news, ideas and industry trends.

Sign up today!