Rise Baking Company Completes Jimmy’s Gourmet Bakery Acquisition
On July 31, Rise Baking Company announced that it has completed its acquisition of Jimmy’s Gourmet Bakery, a move which will help expand manufacturing capabilities in Northeast US.
The CEO of Rise Baking Company, Mark McNeil, stated: “We’ve admired what the Jimmy’s team has built over the years, and we’re excited to welcome them to Rise, […] What makes this acquisition special is the people. Jimmy’s has built an outstanding team, a strong culture and a reputation for delivering innovative products and service. Together, we’ll build on that foundation as we continue investing in our customers, our people, and the future of our business.”
Howard Hirsch, CEO of Jimmy’s Gourmet Bakery, said: “Jimmy’s success has been built on quality, craftsmanship and the people behind our business,[…] This acquisition allows us to build on that legacy while creating new opportunities for our employees, partners and customers.”
The two brands stated that customers will still benefit from the same products and services from both parties. For now, Jimmy’s will operate independently, until they find the proper approach to integration.
