Platinum Equity Acquires Biscuit International

Biscuit International Acquires Continental Bakeries

October 22, 2021

Food & Beverage

Biscuit International, a Platinum Equity-backed European private‑label biscuit manufacturer, has agreed to acquire Continental Bakeries from its majority shareholder Goldman Sachs Asset Management. The deal brings Continental’s 13 production facilities and more than 2,300 employees into Biscuit International, strengthening the combined group's product portfolio and pan‑European footprint; completion was anticipated in H1 2022 subject to customary approvals.

Platinum Equity and Butterfly to Acquire Rise Baking Company

September 18, 2024

Food & Beverage

Platinum Equity and Butterfly have announced the acquisition of Rise Baking Company, a Minneapolis-based North American bakery manufacturer. The firms will be equal partners and Rise will continue operating under its current management team led by CEO Brian Zellmer. The deal is expected to close in Q4 2024, and financial terms were not disclosed.

Graham Partners Acquires Commercial Bakeries Corporation

September 27, 2023

Food & Beverage

Graham Partners, a Philadelphia-based private equity firm, has acquired Commercial Bakeries Corporation, a Toronto-headquartered producer of private-label and co-manufactured cookies. The acquisition, sourced through Graham's Investment Theme Program, positions the firm to expand in private-label bakery manufacturing and supports a founder succession/exit from the company's former family owners.

Cerealto UK Acquires Hill Biscuits from LDC

July 31, 2024

Food & Beverage

Cerealto UK, a portfolio company backed by Davidson Kempner Capital Management and Afendis Capital Management, has acquired Hill Biscuits from LDC. Financial terms were not disclosed; Hill Biscuits, founded in 1855 and headquartered in Ashton-under-Lyne, Greater Manchester, employs about 350 people and more than doubled revenues to over £40m during LDC's seven-year partnership.

Europe Snacks Acquires Burts Snacks

February 8, 2023

Food & Beverage

France-based Europe Snacks, a portfolio company backed by Apax Partners, has agreed to acquire 100% of UK premium snack maker Burts Snacks, with the deal expected to close in March 2023. The acquisition expands Europe Snacks' presence in the UK (its largest snacking market), complements its product portfolio and combines manufacturing and supply-chain capacity across Burts' Plymouth and Leicester facilities.

Platinum Equity Acquires Majority Stake in F.lli Polli S.p.A.

December 13, 2024

Food & Beverage

Platinum Equity completed the acquisition of a majority stake in F.lli Polli S.p.A. (Polli), an Italian producer of pasta condiments and vegetable preserves. The Polli founding family retains a minority stake, alongside CEO Marco Fraccaroli, who will continue to lead the company.