Gold Standard Baking Announces the Acquisition of Oven Fresh Baking

For Immediate Release

Posted on January, 28, 2011

Gold Standard Baking, LLC, based in Chicago, IL, announced that it has purchased assets of Oven Fresh Baking Company, Inc., a manufacturer and marketer of private label fresh and frozen baked goods. Gold Standard Baking is majority-owned by Chicago-based Arbor Investments, a food and beverage focused private equity firm. Terms of the sale were withheld.

Based in Chicago, IL, Oven Fresh Baking manufactures and markets fresh and frozen baked goods, both for private label and under the Dressel’s® brand name. The Company serves multiple markets, including airlines, retail supermarkets and wholesale distributors. The Company’s products include croissants in butter, margarine and whole wheat butter varieties, as well as individually wrapped gourmet muffins and danish.

“Oven Fresh is an outstanding complement to Gold Standard. They have a diverse, high-quality product line and a commitment to customer service that is consistent with the Gold Standard approach to doing business” said Yianny Caparos, President of Gold Standard Baking. “The combination expands our product offering while building on the core strengths and capabilities Gold Standard is known for.”

Founded in 1987 as a family-owned neighborhood bakery, Gold Standard Baking has grown to become a recognized national supplier of baked goods for private label, bakery-deli and foodservice customers. The Company has an outstanding reputation as a market leader in product taste, quality and service. Gold Standard’s product offering encompasses a variety of gourmet bakery items, including its signature croissants, danishes, rolls and English 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”.

For more information, please contact George Caparos, Vice President of Sales (773-523-2333 or gcaparos@gsbaking.com).