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Rubicon Bakers, a portfolio company of Trive Capital specialising in baked goods, has announced the acquisition of Lucky Spoon Bakery, a maker of gluten-free cakes and biscuits headquartered in Salt Lake City (UT).
Founded in 2010, Lucky Spoon is described as a manufacturer of fresh cakes, cupcakes, biscuits, and brownies.
Rubicon Bakers, which also includes the Just Desserts business, said the acquisition was a step towards expanding into markets catering to consumers with special dietary needs or preferences and would complement its existing portfolio of clean-label, nut-free, and vegan baked goods.
Commenting on the move, Rubicon Bakers chief executive officer Sebastian Siethoff said: “We are excited to enter the gluten-free category and build on our expertise in meeting specific dietary needs with delicious, fresh baked goods. This is a valued addition to our portfolio, and we are thrilled to welcome Lucky Spoon and the incredible team who have built this successful brand”.
Lucky Spoon founder Pam Schulte added: “I founded Lucky Spoon to change the way people think about gluten-free food. Rubicon Bakers is the perfect partner to grow that promise, and I’m so excited to join Rubicon’s family of brands”.
Financial terms of the transaction were not disclosed.
Source: Rubicon Bakers (via PRNewswire)
