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Announced

Completed

Brynwood Partners completed the acquisition of De Wafelbakkers from Anschutz.

Synopsis

Private equity firm Brynwood Partners completed the acquisition of De Wafelbakkers, a manufacturer of branded, co-manufactured and private label frozen pancakes, waffles and French toast, from Anschutz, an American private holding company. Financial terms were not disclosed. "We are pleased to announce the acquisition of De Wafelbakkers. Brynwood already has a presence in the breakfast category through its dry mix offerings with its Hungry Jack and Arrowhead Mills brands, owned by Brynwood portfolio company Hometown Food Company. We also have extensive experience in the frozen manufacturing space and believe that we can partner with the management team to accelerate performance in the De Wafelbakkers business. The frozen pancake, waffle and French toast market is a growing space and we are excited to be invested in the category with such a significant manufacturing player," Henk Hartong III, Brynwood Partners Chairman and CEO.

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