Plaza Belmont Fund III acquires Labriola Baking Co.
Plaza Belmont Fund III LP, a middle market private equity firm in Shawnee Mission, Kan., and several other investors have acquired Labriola Baking Co., an Alsip, Ill., producer of fresh and frozen artisan breads. Terms of the private transaction were not disclosed. Excluded from the transaction is the Labriola Bakery Café in Oak Brook, Ill.
Founded in 1993 by Rich Labriola, Labriola supplies fresh artisan bread through its own distribution network of 25 routes to hotels, restaurants and retail stores from Milwaukee all the way through the Chicago area to Indianapolis. The company reportedly has experienced tremendous growth in the past three years with its nationally available specialty frozen pretzel bread.