Crown Bakeries, a manufacturer of fresh and frozen breads, baked goods, and dough products, has acquired Bagel Boy Inc. Founded in 1992, Bagel Boy is a manufacturer of New York-style bagels in New England.
Bagel Boy will continue to operate out of its existing manufacturing facility in Lawrence, Massachusetts and founder Chuck Bouchrouche will remain at the helm of the organization as its general manager.
“Bagel Boy has thrived under Chuck’s leadership, and we’re excited to welcome the team in Lawrence to the Crown family as we continue to expand our footprint in the Northeast,” said Yianny Caparos, president of Crown Bakeries. “Breakfast is the fastest growing daypart in the United States and bagel sales are growing nearly three-times as fast as the broader baked goods category. By adding Bagel Boy’s outstanding products to our existing portfolio, including croissants, biscuits, and English muffins, as well as our extensive sweet goods capabilities, we further enhance Crown’s position as the preferred one-stop-shop baker in the industry.”
Bouchrouche stated, “Crown’s reputation, industry expertise, resources and approach made them the right choice to partner with as we enter our next growth phase. By joining the Crown family, we can leverage the combined scale of our businesses and offer a more comprehensive portfolio of high-quality baked goods to our deeply valued customers.”
Crown Bakeries is owned by Arbor Investments, a specialized private equity firm that focuses exclusively on acquiring companies in food, beverage, and related industries. Arbor announced the recapitalization of Crown Bakeries (formerly The Bakery Companies) with founder and CEO Cordia Harrington in October 2019.
“The Bagel Boy transaction marks the fourth add-on to the Crown portfolio in the last 15 months, giving the organization over 1,000 employees, serving customers across all channels – in retail, as a co-manufacturing partner for brands, as well as in foodservice,” said Chris Tuffin, partner at Arbor. “We are thrilled not only to have grown our team and further expanded our product offering, but now boast eight facilities with presence up-and-down the Eastern seaboard, establishing Crown as the preeminent baking partner for customers in North America.”
Winston & Strawn served as Arbor and Crown’s legal counsel in connection with the transaction. Alantra served as advisor to Bagel Boy.