ST. PAUL, MINN. — Dessert Holdings introduced it has acquired Steven Charles —A Dessert Co., an Aurora, Colo.-based maker of gourmand desserts supplying foodservice and retail prospects throughout North America. Financial phrases of the transaction weren’t disclosed.
“As the leading premium desserts platform in North America, we are investing behind category-defining dessert manufacturers like Steven Charles to help them reach their full potential,” stated Paul Lapadat, chief government officer of Dessert Holdings. “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.”
Dessert Holdings, which was acquired earlier this yr by Bain Capital Private Equity, presents merchandise underneath three manufacturers: The Original Cakerie, Lawler’s Desserts and Atlanta Cheesecake Co.
The Original Cakerie, based in 1979, is a producer of desserts with areas in Vancouver, BC, and London, Ont. Lawler’s Desserts, based in 1976, is a producer of gourmand cheesecakes, layer desserts, pies and different premium desserts primarily based in Humble, Texas. Atlanta Cheesecake Co., based in 1988, is a producer of premium cheesecakes and fusion desserts primarily based in Kennesaw, Ga. Together, the manufacturers serve greater than 250 prospects within the United States, Canada, Mexico, the Caribbean, South America and Asia.
“With our investment in Dessert Holdings, we have the privilege of backing Paul and his team as they build the leading premium dessert manufacturing company in North America, and the acquisition of Steven Charles is a perfect fit for that vision,” stated Adam Nebesar, a managing director at Bain Capital Private Equity. “We look forward to partnering with Rebecca and the Steven Charles team to support their growth ambitions.”
In teaming up with Dessert Holdings Steven Charles will acquire entry to a platform and assets to proceed to develop innovate dessert merchandise at scale for its blue-chip buyer base.
“Dessert Holdings has a complementary product portfolio to ours and brings capital and expertise that will help us accelerate our growth journey,” stated Rebecca O’Hara, president of Steven Charles. “Steven and Charles are proud and excited to hand the company over to the capable hands of Dessert Holdings, who will continue to value what makes Steven Charles so special as we are aligned on a strategy that preserves our commitment to culinary innovation and extraordinary service for our discerning customers.”
Steven Charles (beforehand generally known as Steven Robert Original Desserts) started working underneath its new identify in January 2021. According to the corporate, the identify change pays homage to Steven Fabos, founder and co-CEO, and Charles Kosmont, chairman and co-CEO, whereas constructing on its historical past of desserts.
Mr. Fabos based the corporate in 1995 in a one-room bakery in Los Angeles. As demand for the corporate’s small-batch cheesecakes grew, Mr. Fabos expanded the enterprise over the subsequent 10 years, opening large-scale industrial bakeries in Aurora, Colo., and Pembroke, NC. In 2004, Mr. Kosmont, a Venezuelan immigrant with a ardour for agriculture and a mind for discovering contemporary substances, joined the corporate.