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Branded & Private-Label Manufacturer of Specialty Gourmet Baked Goods | $6.2 million EBITDA with Sales to 100+ Customers

June 9, 2017

The Company manufactures and sells private-label and branded lines of frozen and in-store baked goods. Products are sold in a wide variety of flavors and sizes, including pre-sliced whole, multi-flavor samplers, portion control packs and bite-sized snacks. Private-label products account for 70% of sales and 30% of sales are products sold under the Company’s own brand. Also, a variety of baked goods are sold under a well-known, upscale gourmet brand. The Company operates from a 94,371-square-foot facility that is Global Food Safety Initiative (GFSI), Safe Quality Foods Program (SQF) and Kosher certified. The facility is also certified for gluten-free production.

Customers include more than 50 major national and global grocery chains and warehouse food clubs and are primarily distributed across North America, although the number of international customers is growing in South America, Asia and Europe. Most of the Company’s 100 customers are long-term accounts.

The Company has differentiated itself in the market by continually innovating. Its research and development team brings new products to market to meet shifting consumer tastes and customer-driven requests.

Estimated sales for 2017 are expected to exceed $48.6 million with over $6.2 million in adjusted EBITDA. The Company has experienced compounded annual net sales growth of 12% since 2011. The Company developed its 2017 forecast by customer and added an additional SKU in 2017 for its largest customer. Sales growth for the first four months of 2017 supports the full-year projection. 2017 adjusted EBITDA is forecast to exceed $6.2 million or 12.8% or net sales, representing an increase of 18.4% over 2016.

Location: U.S.

Est. 2017 Revenue: $48.6 million

Est. 2017 Adj. EBITDA: $6.2 million