The Bakery Cos. is expanding again, this time buying a bakery in the Atlanta area to push into the croissant and Danish market.
Terms of Nashville-based Bakery Cos.' deal with Specialty Bakers for the factory in Smyrna, located in Atlanta’s northwest suburbs, aren’t being disclosed. The transaction brings 76 people to the local company’s team of about 500, and CEO Cordia Harrington told the Post the company plans to immediately add another line and begin hiring another 75 people.
Harrington and her team have since 2016 and in nearby Norcross also run a plant that specializes in artisan rolls and breads. Their new property, said President Yianny Caparos, “dramatically turbo-charges our re-entry into the croissant and Danish categories, enabling us to deliver these products as early as this summer.”
Specialty Bakers only the 130,000-square-foot plant only in February of last year with the help of a $12 million revolving debt and term loan facility. The facility is The Bakery Cos.’ sixth and its purchase comes a few weeks after the company said it had bought a South Dakota company.
“The capabilities across frozen dough, pre-proofed and fully baked items meet the varied needs of our customers,” Caparos said of the Smyrna plant. “We have already experienced tremendous interest for these products across every channel, and we can’t wait to join forces with the outstanding team at Smyrna to address the pent-up demand.”
Caparos has been Bakery Cos. president since last September, when Harrington struck a deal with private equity firm Arbor Investments to recapitalize the company and set off on a big growth push. On Monday, Arbor Partner Chris Tuffin said the company “will continue to seek opportunities to add complementary businesses to our expanding group of passionate bakers.”