![]() Team members at those facilities, as well as the team members leading and supporting the business and associated customer relationships, will all transition to the Rise Baking Co. The sale includes Dawn’s North America frozen plants in York, Pa. For some time, the frozen bakery market has been consolidating and this sale gives our frozen business and team members a new home at a company where frozen bakery is the focus.” As you bake the batter, the incorporated air expands and causes the batter to rise. All the fluffiness comes from the butter, which traps air during the mixing process. is the right move for Dawn and enables us to continue to leverage our insights to develop groundbreaking bakery ingredient innovations and invest in our ingredient plants and digital future. Creaming the butter is crucial when making a pound cake since a conventional recipe doesn’t include baking powder. The sale of our frozen manufacturing business in North America to Rise Baking Co. “As we prepare for the next 100 years, our ingredients business, which has been the foundation for Dawn’s growth, is at the center of our long-term strategy. “This year marks Dawn’s 100th anniversary, a testament to our brand, high-quality products and exceptional customer service,” said Carrie Jones-Barber, CEO of Dawn Foods. “Innovative suppliers with quality products are benefitting from the industry dynamics and should continue to see success in this market.Dawn said the decision to sell its North American frozen manufacturing business will allow it to focus on its core ingredients business and concentrate its investment and execution on delivering growth and product innovation across its ingredients portfolio. Consumers are demanding higher quality baked goods, and retailers and foodservice operators need suppliers like Rise to offer upscale bakery items that differentiate from the competition and reduce labour costs,” added Brant Cash, a director at Harris Williams. ![]() “Investor interest in the bakery sector is extremely high. “Scalable food companies with a runway for organic and acquisition growth are scarce assets garnering significant attention from buyers in the current M&A market.” ![]() With Arbor’s support, management integrated multiple businesses and innovated new products to build a highly sought after platform,” said Tim Alexander, a managing director at Harris Williams in a press release. It serves as a chemical leavening agent and contains baking soda. Minneapolis-based Rise Baking Company specializes in providing artisan breads, baked cookies, frozen cookie dough and crispy bars for national grocers and in. “Through consistent organic growth and multiple acquisitions, Rise has emerged as a leader in North American bakery. Rise baking powder is a choice baking powder preferred used for cakes and cookies. Harris Williams extends its track record in the sector with this transaction, led by Tim Alexander, Brant Cash, Andy Warczak and Richard Furseth of the firm’s Consumer Group. Rise, based in Minneapolis, Minnesota, is a provider of bakery products including cookies, dessert bars, artisan breads and flatbreads. This product is used in fresh, frozen or Take & Bake pizza dough. Wrise® WE-101595 will not react until exposed to oven heat during the baking process. Harris Williams, a middle market investment bank focused on the advisory needs of international clients, announced the sale of Rise Baking Company (Rise,) a portfolio company of Arbor Private Investment Company (Arbor), to Olympus Partners (Olympus.) Wrise® WE-101595 is a multi-functional microencapsulated leavening system for use in fresh, refrigerated and frozen chemically and/or yeast-leavened doughs and dry bakery mixes.
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