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.”