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A fast-growing producer of fresh and frozen baked goods announced its latest expansion on January 4.
Nashville, Tenn.-based Crown Bakeries, which was renamed The Bakery Companies in early 2021, said it purchased a 200,000-square-foot facility in Pleasant Prairie, Wis., from Gold Standard Baking. A purchase price was not given.
The facility opened in 2017 following a $42 million investment from Gold Standard. A Press release of Crown Bakeries did not indicate the number of employees currently at the plant, but it was initially to directly employ around 100 people.
Crown Bakeries said the new facility will allow it to expand its production and distribution of croissant products. Crown now expects to be able to make over 10 million baked croissants each week.
“With this acquisition, we are immediately expanding our geographic footprint in the Midwest, and Pleasant Prairie’s high-speed croissant line provides Crown with much-needed additional laminated dough capacity,” said Crown Bakeries President Yianny Caparos. .
This is just the latest expansion news from Crown since it was recapitalized in October 2019 by its private owner, Arbor Investments. In June 2020, Crown acquired the Lawrence, Massachusetts-based company Bagel Boy and based in Philadelphia Michel’s bakeryand in May 2020, it acquired a facility in Smyrna, Georgia, of Specialty Baker LLC, as well as the assets of Sioux City, South Dakota, Steck Wholesale Foods.
Crown, founded in 1996, currently has over 1,400 employees and manufactures over 7 million products daily.
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