Dessert merchandise producer Sara Lee Frozen Bakery has entered into an agreement to accumulate Cyrus O’Leary’s Pies. The Washington state-primarily based pie maker is the latest acquisition that accelerates Sara Lee’s objective of increasing its presence within the in-retailer bakery (ISB) class that started with the acquisition of Superior Cake Products last year.
“We’re delighted so as to add Cyrus O’ Leary’s in-depth variety of scrumptious pies to our iconic product portfolio,” stated Craig Bahner, CEO of Sara Lee Frozen Bakery. “As we glance to develop our aggressive presence within the ISB class, Cyrus O’Leary’s spectacular 40-year pie legacy and them in-retailer bakery management will assist us in achieving our strategic progress plan and proceeding to offer our prospects with more irresistible indulgences.”
Cyrus O’Leary’s began as a restaurant in 1981 and grew to a nationally distributed pie model. Baked with made-from-scratch elements, its portfolio consists of each fruit and cream pies in addition to specialty and seasonal variants.
Barclay Klingel, who will stay as CEO of Cyrus O’ Leary’s Pies, stated: “We’re thrilled to be recognized as one other premier model within the Sara Lee Frozen Bakery household. It’s an enormous honor and privilege to affix forces with Sara Lee Frozen Bakery and assist drive their progress initiatives.
“We’re particularly excited in regards to the cultural match, as each company has comparable values-centered round our crew members, sustaining uncompromising quality requirements and delivering pleasure-giving moments to our prospects. We count on an enormous synergistic impact by this mix.”
It’s anticipated the acquisition will shut within the coming weeks. Illinois-headquartered Sara Lee Frozen Bakery was sold by Tyson Foods to personal fairness agency Kohlberg & Company in 2018.