Why We're Focused on Bakery Manufacturing
Bakery Manufacturing is a resilient, growing category that thrives across economic cycles and has opportunity for consolidation. The category is also benefitting from increasing consumer demand for fresh, convenient, clean and indulgent products, leading retailers to expand the size and scope of their in-store bakeries.
Subsectors of Interest
- Baked Goods
- Breads, Buns, Dinner Rolls
- Bagels and English Muffins
- Cookies, Crackers, Crisps
Industry Merits
- Large and Growing Market $50+ billion market size with consistent 3% annual growth
- Shifting Foodservice Trends Retailers and foodservice operators increasingly outsource bakery production to capture efficiency and higher margins
- Resilient Category Bakery products serve both as an affordable indulgence and an everyday staple
- Fragmented Market Thousands of family-owned and regional bakeries create opportunities for consolidation and investment
Target Business Characteristics
REVENUE
$
15
M+
EBITDA
$
3
M+
- Owned manufacturing with proprietary recipes, processes, or formulations
- Branded, private label, or co-manufacturing capabilities
- Ability to sell across fresh, par-baked, frozen, and ambient formats
- Long-standing customer relationships with diverse end markets
- Opportunity for efficiency improvements and/or capacity