Not any more

George Weston buys U.S. baker

In Canada on August 30, 2010 at 11:59

George Weston Ltd. WN-T is sinking its teeth into frozen cupcake, doughnut and cookie maker Keystone Bakery, making a move to acquire the company for $185-million (U.S.).

Toronto-based Weston says the transaction will be made through its subsidiary Maplehurst Bakeries.

Under the deal it will purchase three different operating companies in the United States, each subject to U.S. regulatory approval.

Keystone Bakeries is comprised of Freed’s Bakery of Manchester, N.H., a leading supplier of frozen, fully finished iced cup cakes.

It also owns Granny’s Kitchens of Frankfort, NY, a leading supplier of pre-fried and “thaw-and-sell” doughnuts, and Heartland Baking of DuQuoin, Ill., a specialty supplier of “thaw-and-serve” cookies.

George Weston is one of North America’s largest food processing and distribution groups and includes Weston Foods and Loblaw, which is operated by Loblaw Companies Limited.


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