New Mill Capital Holdings of New York (www.newmillcapital.com) has acquired the former Kraft Heinz bakery in Federalsburg, MD. The 103,000 square-foot plant, which previously served as a bread and dehydrated product production operation for Stove Top Stuffing (among other products), is located in Caroline County, the economic center of Maryland’s Eastern shore. The transaction, which closed on November 22, included the major production equipment that was used in the plant.
“We’re very excited to be the new owners of the bakery in Federalsburg,” said Tom Murray, Principal of New Mill Capital Holdings. “This is a great opportunity for anyone looking for expanded bread production capacity and the ability to also produce a dehydrated bakery or crouton type of product.”
The equipment available in-place allows potential operators to immediately produce bread products, as all bulk powder handling, large batch mixing, and gas fired tray ovens are ready to use. “Much of the equipment is late model,” said Eric Weiler, Principal of New Mill Capital Holdings who manages the firm’s food processing and packaging disposition efforts. “With three complete drying lines and bulk packaging, the plant offers significant options for an operator going forward.”
Located at 300 Reliance Avenue in Federalsburg, MD, the plant sits on 22 acres and is within a 200-mile radius of major East Coast ports including Baltimore, Washington DC, Philadelphia, New York, and Norfolk. In addition to being a turnkey bakery, the plant has ample infrastructure to work for other food and non-food uses. The area’s strong labor force and Maryland’s aggressive incentive packages make the location ideal for variety of uses.
Kraft Heinz was represented by David Sours and Kevin Kelly of CBRE. The buyer was not represented by a broker.