Bain Capital Private Equity has agreed to acquire Dessert Holdings, a North American premium dessert company, from its owner of five years Gryphon Investors. The deal – which was made for an undisclosed sum – will enable Dessert Holdings to accelerate its growth and expansion.

Based in Minnesota, Dessert Holdings manufactures a range of desserts including cheesecakes, layer cakes and pies under three brands: The Original Cakerie, Lawler’s Desserts and Atlanta Cheesecake Company. Together, the brands serve more than 250 retail and foodservice customers in the US, Canada, Mexico, the Caribbean, South America and Asia.

Upon completion, Dessert Holdings will continue to operate under its current management team led by CEO Paul Lapadat. “We are focused on building the leading premium dessert company in North America by bringing innovative, chef inspired dessert products to our retail and foodservice customers,” said Lapadat.

Read more/Source: Foodbev Media