Announced
Completed
Financials
Tags
bakery products
United States
Private
Domestic
Majority
Private Equity
Friendly
Acquisition
Single Bidder
Completed
Food Products
Synopsis
New Water Capital, a private equity investment firm, completed the acquisition of Klosterman Baking Company, a manufacturer of bakery goods. Financial terms were not disclosed. "Klosterman's leading position as a producer and distributor of fresh and frozen bakery items to major grocer, restaurant and institutional customers offers a recession-resistant investment opportunity with excellent long-term growth potential," Anuj Singh, New Water Principal.
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