WAUKESHA, Wis.–(BUSINESS WIRE)–Legacy Bakehouse announces the completion of its acquisition of Angelic Bakehouse in Cudahy, Wisconsin, a unit of T. Marzetti Company. The asset purchase enables Legacy Bakehouse to grow its core business while adding new customers and product categories.
The Angelic facility is a 4-acre location with 42,000 sq. ft. of production space. Built as a commercial bakery in 2013, the existing manufacturing equipment and similarity of operations enable rapid assimilation into the existing production footprint.
Founded in 1917, Legacy Bakehouse is a 100+-year-old, Wisconsin-based leader in developing and manufacturing a range of baked snack components, including rye chips, garlic chips, bread sticks, pita chips, and more. Known for their outstanding quality and dependability, they are used by leading brands, emergent brands, and private labels.
“Speed and quality. We took possession on June 27 and immediately began implementing our plan to start up operations, including implementing our quality and safety procedures to start production by the end of July. That combination of quality and speed is what our customers count on,” said Peter Sardina, President, Legacy Bakehouse.
Legacy Bakehouse was acquired by Benford Capital Partners (“Benford”) of Chicago in 2023. An infusion of capital enabled the firm to expand quickly, adding new leadership, key talent, upgrading equipment, and expanding production capacity and capabilities.
“We acquired Legacy Bakehouse in 2023 as a platform in the food and consumer sector. The Angelic acquisition is the latest expansion of the Legacy platform. The similar capabilities and proximity of the two facilities enable resource and best practice sharing to drive customer service, growth, and profitability,” said Brian Behm, Principal at Benford.
ABOUT LEGACY BAKEHOUSE
Founded in 1917, the 107-year-old firm is one of the oldest continuously operating commercial baking and contract manufacturers in Wisconsin and the greater Midwest. Headquartered in Waukesha, Wisconsin, the firm operates two Wisconsin production facilities serving the needs of leading brands, emergent brands, and private label customers. The company’s expanding production footprint focuses on baked snack components, including pita chips, bagel chips, rye chips, bread sticks, croutons, and more. The company combines a long history with modern production capabilities, tailoring solutions to customers’ needs. For more information on Legacy Bakehouse, visit: legacybakehouse.com.
ABOUT BENFORD CAPITAL PARTNERS
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower-middle market companies in partnership with founders and management. Since its inception, Benford Capital has acquired 50 companies and currently owns 15 platform companies. BCP’s industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. BCP is currently investing from its $200 million Fund II and has approximately $350 million of total capital under management. For more information, please visit benfordcapital.com.
