June 25, 2024

Engelman’s Bakery Announces Acquisition of St. Armands Baking Company

Norcross, GA – June 25, 2024 – Engelman’s Bakery, a leading wholesale bakery offering a complete line of fresh and frozen bread products, announced the acquisition of St. Armands Baking Company (“St. Armands”), a bakery offering a variety of buns, rolls, and organic bread products. Based in Bradenton, FL, St. Armands was founded in 1981 and services retail and foodservice customers across the country. The acquisition of St. Armands expands Engelman’s manufacturing and customer footprint as well as enhances the platform’s channel diversification.

Rob Hathy, CEO of Engelman’s Bakery, said, “We are very excited to partner with the St. Armands team. Bringing together the exceptional talent and culture that both companies share will allow us to have a broader product portfolio and better service our customers.”

Paul Bell, President and CFO of Engelman’s Bakery, said, “Bernard and the St. Armands team have done a terrific job building the business over the years. This partnership strengthens our national footprint and creates significant commercial opportunities for both businesses.”

Bernard Vroom, Owner of St. Armands, said, “St. Armands would not be in the position it is today without the dedication and hard work of our employees. Joining forces with Engelman’s will provide us with the resources and capabilities needed to accelerate our growth.”

Hyde Park Capital represented St. Armands in the transaction.

About Engelman’s Bakery

Founded in 1982 and headquartered in Norcross, GA, Engelman’s is a wholesale bakery offering a complete line of fresh and frozen bread products to foodservice and retail customers across the country. For more information, please visit www.engelmansbakery.com.

About Shoreline Equity Partners

Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a “win-win” proposition for shareholders, employees, customers, vendors, and the communities within which the firm’s companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. With over $750 million of committed capital under management, Shoreline seeks to lead equity investments of up to $150 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $50 million to $350 million and EBITDA of $5 million to $25 million. The firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others. For more information, please visit www.shorelineequitypartners.com.​​​​​​​​​​​​​​