Private equity firm Swander Pace Capital has completed the acquisition of independent wholesale bakery chain Café Valley for an undisclosed sum.
Established in 1986, Café Valley offers croissants, cakes, muffins, and other sweet baked goods to its customers in the US and Canada.
The company has two production facilities in Phoenix, Arizona, and Marion, Indiana, and serves retail and foodservice channels including in-store bakery (ISB), club store, mass merchandise, and convenience store segments.
Swander Pace Capital director Tyler Matlock said: “Café Valley is already a leader in the category thanks to its long history, high-quality diversified product offering, unmatched customer service and best-in-class production facilities.
“Brian’s extensive experience, keen vision and deep knowledge of the bakery space make him an ideal partner to lead the company into its next phase of growth and expansion.”
Café Valley’s current CEO Brian Owens will continue to serve in his role. He will focus on bolstering the company’s customer partnerships, new innovation investments, and grow distribution presence in North America.
Owens said: “I am excited to work with the talented team at Swander Pace to increase our market share, product offering and distribution footprint.
“They have deep understanding and experience in the competitive bakery niche, as well as a strong track record of giving companies the advice and backing they need to succeed.
“I am exceedingly grateful to Cafe Valley’s selling shareholders and previous owners. Their collective vision and willingness to invest in the company’s future has made Cafe Valley the thriving operation that it is today. I look forward to working with Swander Pace to build on this legacy of success.”
Cody Peak Advisors served as exclusive advisor to Café Valley on the transaction.