T. Manzetti, a wholly-owned subsidiary company of Lancaster Colony, has acquired New York-based bakery firm Bantam Bagels for $34 million.
Bantam Bagels is a producer and marketer of frozen mini stuffed bagels and mini stuffed pancakes for both retail and foodservice with an annual net sales of around $20 million.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets.
Dave Ciesinski, Lancaster Colony CEO, commented: “We are extremely excited to add Bantam Bagels to our specialty foods business. Bantam Bagels is a fast-emerging company that provides us with an entry into the large and growing frozen breakfast category. Their established relationship with Starbucks in the foodservice channel is another positive that positions Bantam Bagels for future expansion. We are thrilled to welcome Nick, Elyse and Bantam Bagels to our family of Lancaster Colony companies and look forward to a successful future together”.
Source: Lancaster Colony