Dessert Holdings, a premium dessert company, has acquired Steven Charles - A Dessert Company, which supplies gourmet desserts to foodservice and retail customers across North America.
Steven Charles adds to Dessert Holdings’ portfolio of clean-label dessert companies and brands including The Original Cakerie, Lawler’s, and Atlanta Cheesecake Company. The acquisition will provide Steven Charles with the platform and resources to continue to develop innovative dessert products at scale for its blue-chip customer base.
“We are investing behind category-defining dessert manufacturers like Steven Charles to help them reach their full potential,” said Paul Lapadat, CEO of Dessert Holdings, in a statement. “Steven Charles has a heritage of creating and commercializing award-winning desserts and that commitment to excellence in innovation and service has fostered long-standing relationships with a number of the leading foodservice and retail operators in North America. We see an incredible opportunity to supplement these strengths to support Steven Charles’ domestic growth while also investing to expand the business globally.”
Steven Charles will continue to be operated by its current management team led by President Rebecca O’Hara. Financial terms of the private transaction were not disclosed. O’Hara said, “Dessert Holdings has a complementary product portfolio to ours and brings capital and expertise that will help us accelerate our growth journey.”
Related: Silk Collaborate on Plant-Based Frozen Dessert; Emmi Roth Acquires Athenos Feta Brand.
from Industry Operations https://ift.tt/3pRrwmq
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