INDIANAPOLIS — Harlan Bakeries LLC has acquired Evansville, Ind.-based AmeriQual Group Holdings, LLC, a developer, packager and distributor of shelf-stable, refrigerated or frozen meals, sauces and condiments for branded meals firms, federal, state and native authorities businesses and quite a lot of schooling and different establishments.
New York-based Turning Rock Partners supplied structured fairness financing to assist the transaction, whereas present shareholders and administration additionally participated within the new spherical of capital.
“The existing management of AmeriQual, led by President Dennis Straub and the team, has built an exceptional business,” stated Louis Mayer, vice chairman at Turning Rock Partners. “Harlan Bakeries has decades of expertise in this area and a commitment to scaling the business. Turning Rock recognized the synergies between the two firms and their commitment to quality, safety and their communities. We are delighted to partner with both firms on this transaction.”
Founded in 1991 by brothers Hugh and Doug Harlan, Harlan Bakeries, LLC is a global wholesale provider and distributor of merchandise for in-store bakeries, non-public label baked meals and producer of Harlan Bigger Better Bagels, Harlan Giant Gourmet Bagels, Harvest’s Best and Nature’s Grain manufacturers. Harlan provides prospects with bagels, pies, truffles, cookies, muffins and bread. In addition, Harlan is a contract producer. Harlan operates seven manufacturing amenities situated in Avon, Ind.; Indianapolis; Madison, Wis.; Denver; Hope, Ark.; Kentville, NS; and Edmonton, Alta.
“I am excited for the opportunity to work with all of our employees to vertically integrate both businesses and to ensure continued growth and success for both companies,” Hugh Harlan stated.
Mr. Straub added, “The AmeriQual team is excited to be partnering with Harlan Bakeries as we move toward the next phase of our company’s growth. We believe that there are multiple growth opportunities with this combination and that our company cultures are very similar. We are excited about our future.”