Brynwood Partners VIII L.P. announced that its newly-formed portfolio company, Great Kitchens Food Company Inc., has acquired ARYZTA North America's take-and-bake pizza business.Terms and conditions of the deal are not being disclosed.
Great Kitchens will be headquartered in Romeoville, Ill., and will continue to operate a 165,000 sq. ft. crust manufacturing facility in Chicago Heights, Ill., and a 155,000 sq. ft. topping plant in Romeoville, Ill., – the facilities employ approximately 700 employees. Brynwood is excited to welcome Admir Basic to the company. Prior to the transaction, Basic previously worked for Aryzta and will become Great Kitchens' president and chief commercial officer. Bill Steckel will join Great Kitchens as its chief financial officer.
Great Kitchens is the market leader in private label take-and-bake pizza. The company's delicious pizzas and flatbreads are sold to grocery, club and mass retailers, as well as into foodservice outlets nationally.
Brynwood Partners was represented by Winston & Strawn LLP on legal matters and did not have investment banking representation. BMO Capital Markets served as the investment advisor to ARYZTA.
