Arbor Investments, a private equity firm from Chicago, Illinois, announced on Tuesday that it has bought The New French Bakery, an artisan bread producer and manufacturer. No financial terms were disclosed.
The New French Bakery, headquartered in Minneapolis, Minnesota, creates a comprehensive product selection of premium "branded and private label take-and-bake, par baked, and fresh" artisan breads. The company is widely recognized as a trusted distributor of French quality bread.
Arbor, along with the management headed by New French Bakery's Vice President for Sales Jeff Getzkin, acquired the company because they "were drawn to New French Bakery due to the Company's superior quality products and reputation in the baking industry," said Arbor's Brody Lynn.
Peter Kelsey owns the New French Bakery. "Arbor's extensive experience in the food industry made them a perfect partner for New French Bakery, our management team, employees and customers," he said.
Kelsey recently received this year's Minnesota's Small Business Person of the Year distinction.
"I'm very proud of what we have accomplished at New French, and look forward to Arbor, with its resources and capital, building upon the foundation we have laid over the last 18 years," he summed.
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