Engelman's acquires St. Armands Baking Company

St. Armands was advised by Hyde Park Capital.

courtesy of Hyde Park Capital

Hyde Park Capital announced today that its client, St. Armands Baking Company, a Florida commercial bakery offering local delivery, fresh and frozen availability, custom baking, and co-packing, has been acquired by Engelman's Baking Co., a wholesale bakery offering a complete line of fresh and frozen bread products. Engelman's is a portfolio company of Shoreline Equity Partners, LLC. Hyde Park Capital served as the exclusive investment banker to St. Armands for this transaction. Shutts & Bowen served as legal counsel to St. Armands.

Bernard Vroom, owner of St. Armands, comments, "We are thrilled to partner with Engelman's. Both companies have similar backstories and share the same high standards. Strategically, we will be able to expand our footprint in the Southeast and beyond. Since 1981, our employees, customers, and suppliers have transformed St. Armands from a mom-and-pop bakery into the company it is today, serving thousands of customers with quality organic and specialty breads. For all of this, I am very grateful."

"It has been a pleasure to work with the Hyde Park team. Their industry expertise, guidance, and perseverance were essential in the process of separating the wheat from the chaff, landing the best outcome for me, my employees, and my company. Many thanks to all at Hyde Park for making this happen," he finishes.

Rob Hathy, CEO of Engelman's Bakery, says: "We are very excited to partner with the St. Armands team. Bringing together the exceptional talent and culture that both companies share will allow us to have a broader product portfolio and better serve our customers."

Paul Bell, president and CFO of Engelman's Bakery, adds: "Bernard and the St. Armands team have done a terrific job building the business over the years. This partnership strengthens our national footprint and creates significant commercial opportunities for both businesses."

Luke Horanski, vice president of Hyde Park Capital, says: "It has been a privilege to work with, and advise the St. Armands team throughout this process. The combination of deep, long-lasting customer relationships, and quality baking capabilities of St. Armands and Engelman's were a natural fit, and we could not be more excited for the partnership."

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Liz Parker Kuhn is the senior editor of Candy Industry and Snack Food & Wholesale Bakery, and has worked at BNP Media since 2012. She has written for CBS Detroit as well as for her own blogs. She earned a Bachelor of Arts in Creative Writing from the University of Michigan. Liz can be contacted at (248) 839-7156 or at parkere@bnpmedia.com.

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