Biddeford Holdings LLC, a partnership between Gordon Brothers, a global advisory, restructuring and investment firm, and New Mill Capital, has acquired the real estate and machinery and equipment of a producer and marketer of packed bakery food. The assets include company-owned real estate and the machinery and equipment in Jacksonville, FL and Opelika, AL in addition to the company’s machinery and equipment at third-party facilities in Franklin, IN; Atlanta, GA; Biddeford, ME; and Rocky Mount, NC. The real estate is being marketed for sale or lease, and the machinery and equipment will be sold through a combination of auction and private treaty channels.
“This joint venture between Gordon Brothers and New Mill Capital allows the sellers to successfully consolidate into more efficient facilities,” said Bob Maroney, president, commercial and industrial at Gordon Brothers. “We are glad we could provide a creative solution to accommodate the sellers, and we look forward to marketing the production equipment and bringing two tremendous real estate opportunities to market”.