Dessert Holdings announces acquisition by Bain Capital Private Equity
Dessert Holdings, North America’s leading premium dessert company, has announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity, to accelerate its growth and expansion. Dessert Holdings will continue to operate under its current management team, led by Chief Executive Officer Paul Lapadat. Financial terms of the private purchase from current owner Gryphon Investors were not disclosed.
Based in St. Paul, Minnesota, Dessert Holdings is North America’s premium dessert company and the platform for three premium brands: The Original Cakerie, Lawler’s Desserts and Atlanta Cheesecake Company. The Original Cakerie, founded in 1979, is a manufacturer of high-quality desserts with locations in Vancouver, British Columbia and London, Ontario. Lawler’s Desserts, founded in 1976, is a manufacturer of gourmet cheesecakes, layer cakes, pies and other premium desserts based in Humble, Texas. Atlanta Cheesecake Company, founded in 1988, is a manufacturer of premium cheesecakes and fusion desserts based in Kennesaw, Georgia. Together, the brands serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia. Dessert Holdings is widely recognized for providing retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible and low-cost supply chain, and best-in-class service.