|
ACE BAKERY OPENS NEW FOOD MANUFACTURING FACILITY IN VAUGHN, ONTARIO
New 30,000 sq. ft. facility doubles production capacity for specialty bread company
(January 22, 2010) Toronto, Ontario-based specialty bread-maker ACE Bakery, Ltd. has opened a new food production facility in Vaughn, Ont., the company announced today.
The new 30,000-square-foot facility has state-of-the-art equipment and significantly expands ACE Bakery's production capacity, allowing the company to better meet the growing needs of the company's customers in Canada and the United States.
"ACE Bakery has consistently beaten its growth goals and has successfully identified new customers and markets," said Jason Duzan, managing director at Glencoe Capital, the Chicago-based private equity firm that owns ACE. "This new facility also improves ACE's cost of production, making the company more competitive in its market."
Founded in 1993, ACE Bakery develops and markets a range of premium artisan breads under its own brand, relying on strict, traditional recipes and fresh, all-natural ingredients of the highest quality. The company's products include par-baked and fresh breads that are sold to a range of customers in North America, including supermarkets, big-box retailers, specialty grocers, and food-service operators.
ACE's new facilities and equipment were fabricated and installed in October 2009. All equipment and manufacturing processes are now fully operational. The company now has a total of more than 90,000 square feet of production in four facilities.
Glencoe Capital acquired ACE Bakery in April 2008. The firm has a history of successful investing in branded food and food production companies.
About Glencoe Capital
Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. Glencoe Capital and its affiliates manage a number of private equity funds, including the Michigan Opportunities Fund and Glencoe Capital Partners III, L.P. The firm has over $1 billion under management. More information is at www.glencap.com.
For more information, contact:
or
Clovis, Inc.
(312) 346-1700
|
