Clearlake to acquire BakeMark from Pamplona Capital Management
New platform investment in bakery ingredients business poised for significant growth.
Clearlake Capital Group, L.P. has announced it has signed a definitive agreement to acquire BakeMark USA, LLC (“BakeMark” or the “Company”) from Pamplona Capital Management (“Pamplona”). Financial terms of the transaction were not disclosed.
With over 100 years of service to the baking industry, BakeMark is recognized as a category leader with quality products, quick delivery, and strong R&D capabilities. Operating as a critical link between diversified bases of suppliers and customers, the Company serves approximately 1,200 suppliers and about 19,000 customers across the U.S. and Canada. Covering substantially all channels in the bakery industry, BakeMark serves retail bakery, in-store bakery, wholesale bakery, foodservice operators, and beyond. Its diverse base of customers includes both street accounts such as local independent bakeries and national accounts such as coffeehouse and doughnut chains.