Global Bakeries completed its acquisition of California’s Bubbles Baking Co. (“Bubbles”) lead by Surge Private Equity.
For over 55 years, Bubbles has been serving large grocery stores and commercial retailers across the nation. With 55 employees and 300 SKUs of frozen cakes and delicacies, Bubbles provides its customers with an unrivaled menu of customized products.
Headquartered in Van Nuys, California, USA, Bubbles is only 8 miles away from Global Bakeries. Bubbles is to be a fully owned subsidiary of Global Bakeries. Global Bakeries CEO Chris Botticella will lead both companies.
Global Bakeries CEO, Chris Botticella, said: “For over 55 years Bubbles has set the standard in homemade pastries, and we at Global Bakeries not only want to continue that tradition but enhance and build on their standard of excellence with our increased efficiencies and new product lines. We are excited to add Bubbles into our family and look to the future with further great excitement.”
Tom Beauchamp, partner at Surge Private Equity, stated: “The acquisition of Bubbles allows Global Bakeries to expand into the dessert baking arena. From better ingredient pricing to offering customers more product lines, we see a lot of opportunity in the fragmented niche boutique baking space to add value by the consolidation of these strong brands and products. We aim to do several add on acquisitions this year.”
Founded in 1985, Global Bakeries is a high-volume commercial bakery specializing in bagels, flatbreads, croissants, pita bread and pita chips.