Arbor Investments Announces the Acquisition of Gold Standard Baking, Inc.
For Immediate Release
Arbor Investments, based in Chicago, Illinois, announced today that it has completed the acquisition of Chicago, Illinois-based Gold Standard Baking, Inc. Gold Standard is a leading manufacturer and marketer of fresh and frozen premium baked goods. In conjunction with the acquisition, David Shanholtz, a 20-year veteran of the baking industry, has been named President and CEO. Terms of the sale were withheld.
Gold Standard Baking has an outstanding reputation as a market leader in product taste, quality and service. Founded in 1987 as a family-owned neighborhood bakery, the Company has grown to become a recognized national supplier of baked goods for private label, bakery-deli and foodservice customers. Gold Standard’s product offering encompasses a variety of gourmet bakery items, including its signature croissants, danishes, breads, rolls and muffins. The Company’s baked goods are manufactured using only top-quality ingredients and no preservatives. Gold Standard’s state-of-the-art manufacturing facility, located on the South Side of Chicago, was recognized in 2005 by Refrigerated & Frozen Foods magazine as one of its elite “Food Plants of the Year”.
“Gold Standard exemplifies the type of high-quality food manufacturer that Arbor seeks for its portfolio” said Arbor Partner Joseph Campolo. “Gold Standard has thrived under the ownership of the Caparos family, and we are thrilled to be acquiring the business as it enters its next stage of growth.” George, Helene and Constantin Caparos will remain active in daily operations of the Company and the family will retain partial ownership going forward.
“We are excited about our partnership with Arbor and look forward to a prosperous future for the Company” said Yianny Caparos, former owner and President of Gold Standard. “Arbor will be a valuable resource on many levels and will allow us to maintain our historically strong trajectory of growth and profitability.”
Arbor Investments is one of the only private equity firms in North America that solely invests in the food, beverage and related industries. The firm has $236 million of capital under management across two private equity funds. For more information, please contact Joseph Campolo (312-981-3781).