Scaling up with the AmeriQual transaction, Harlan Bakeries
AmeriQual Group Holdings, LLC, a developer, packager, and distributor of shelf-stable, refrigerated or frozen foods, sauces, and condiments for branded food companies, federal, state, and local government agencies, as well as a number of educational and other institutions, has been acquired by Harlan Bakeries LLC from Evansville, Indiana.
The deal was supported by structured equity financing from Turning Rock Partners, a New York-based company, and new capital was also contributed by management and current shareholders.
Louis Mayer, vice president at Turning Rock Partners, stated, “The current management of AmeriQual, led by President Dennis Straub and the team, has built an exceptional business.” “Harlan Bakeries is dedicated to growing the business and has decades of experience in this field. Turning Rock acknowledged the complementary qualities and shared a dedication to quality, safety, and local communities between the two companies. We are thrilled to be working together on this transaction with both firms.
Hugh and Doug Harlan founded Harlan Bakeries, LLC in 1991. The company distributes goods internationally, specializes in private label baked goods, and is the maker of the Harlan Bigger Better Bagels, Harlan Giant Gourmet Bagels, Harvest’s Best, and Nature’s Grain brands. Harlan provides clients with pastries, cakes, pies, bagels, and cookies. muffins and bread. In addition, Harlan is a contract manufacturer. Harlan operates seven production facilities located in Avon, Ind.; Indianapolis; Madison, Wis.; Denver; Hope, Ark.; Kentville, NS; and Edmonton, Alta.
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Hugh Harlan stated, “I am thrilled about the chance to collaborate with every one of our staff members to vertically integrate both businesses and to guarantee ongoing growth and success for both companies.”
“As we move toward the next phase of our company’s growth, the AmeriQual team is excited to be partnering with Harlan Bakeries,” Mr. Straub continued. We think that this combination offers many chances for growth and that our company cultures are extremely similar. We have high hopes for the future.