Arbor Investments-backed Crown Bakeries to acquire Pleasant Prairie facility from Gold Standard Baking.

Arbor Investments-backed Crown Bakeries, a producer of baked croissants, agreed to acquire Pleasant Prairie facility, a 200k square foot state-of-the-art baking facility, from Gold Standard Baking, a manufacturer and supplier of baked goods. Financial terms were not disclosed. “We welcome the Pleasant Prairie facility to the Crown baking family, which will bolster our Company’s capabilities with a highly competent team of bakers. With the acquisition, we immediately expand our geographic footprint in the Midwest and Pleasant Prairie’s high-speed croissant line gives Crown much needed additional capacity in laminated dough. Growing Crown’s production capabilities and bandwidth is critical to providing best-in-class service to our customers nationwide while building redundancy and flexibility in our broader manufacturing network," Yianny Caparos, Crown Bakeries President.