San Antonio / TX. (ppc) C.H. Guenther + Son Inc. (CHG), a leading producer of branded and private-label food products, announced the acquisition of Baldinger and Sons bakeries (Baldinger-Sons), North American specialty bakers with operations in the midwestern United States and Canada. The transaction expands CHG’s bakery manufacturing capacity and deepens its relationships with premier quick service restaurant (QSR) customers.
Founded in 1888 and family-owned for four generations, Baldinger-Sons manufactures hamburger buns, rolls, bagels and other specialty bakery items for multinational QSR brands. Through this combination, CHG extends its manufacturing footprint with Baldinger’s newly renovated, state-of-the-art production facility in Minnesota and Sons’ Canadian facilities. The Baldinger-Sons management team will continue with the business post-transaction.
«I am very pleased to welcome the Baldinger and Sons bakeries to the CHG family,» said John Buckles, President and CEO of CHG. «The company’s highly sophisticated manufacturing facilities and long-standing partnerships with blue-chip QSR customers are a great fit as we grow our combined company. I am confident the addition of Baldinger-Sons’ talented team will strengthen CHG’s leadership position in our markets and enhance our product offering for our customers.»
«We have long been impressed with the Baldinger-Sons team’s dedication to product quality and manufacturing excellence,» said Dale Tremblay, CHG Chairman. «This combination, guided by the legacies and values of two family businesses, will provide our company with exciting growth and expansion opportunities.»
Steve Baldinger, CEO of Baldinger-Sons, added, «It was very important for us to find a partner who shares our values and vision for the future while providing the strength and stability to help propel our organization for years to come. I believe we have found that partner with C.H. Guenther + Son. Both Baldinger-Sons and CHG are rooted in entrepreneurial, innovative businesses. I am excited to work with Dale, John and their team to create an even brighter future for our newly combined organization.»
C.H. Guenther + Son is owned by Pritzker Private Capital (PPC) along with management and co-investors. Including this acquisition, CHG now has more than 3,700 employees in 27 food manufacturing locations in the United States, Canada and Western Europe, and in its corporate office in San Antonio, Texas.
«Baldinger-Sons is highly complementary with CHG’s strategy, culture and values,» added Chris Trick, Investment Partner at PPC. «We look forward to continuing our partnership with John, Dale and the CHG team as they welcome Baldinger-Sons and drive continued growth for two strong family businesses.»