Dessert Holdings, a portfolio company of Bain Capital, has announced the acquisition of cream-based pies Kenny’s Great Pies from private equity firm Kaho Partners.
Founded in 1931, Kenny’s Great Pies is described as a producer of cream-based pies and fillings specialising in key lime pie and flavours including mango, coconut cream, peanut butter and chocolate silk.
Commenting on the move, Dessert Holdings chief executive officer Paul Lapadat said: “Kenny’s clean label, flavorful pies are complementary to our portfolio of premium desserts. Kenny’s has established a distinctive market position, fostering a number of long-standing relationships with leading foodservice and retail operators, and major clubs in North America, earning a loyal consumer following”.
Kenny’s Great Pies chief executive officer Gary Muter added: “We are excited to become a part of a leading premium desserts platform in North America, and we believe Dessert Holdings’ experience and complementary product portfolio provides specialist expertise to help us accelerate our growth”.
Financial terms of the deal were not disclosed.
Source: Kaho Partners (via PR Newswire)