Legacy Bakehouse, LLC (“Legacy Bakehouse” or “Legacy”), a portfolio company of Benford Capital Partners (“Benford Capital” or “BCP”), is pleased to announce the acquisition of the operating assets of Angelic Bakehouse (“Angelic”) from Lancaster Colony Corporation.  Legacy Bakehouse, acquired by BCP in April 2023, is a leading developer and manufacturer of custom baked snack components such as bagel chips, rye chips, pita chips, and other savory snack ingredients for CPG and retail customers.

The acquired assets include Angelic’s 42,000-square-foot facility in Cudahy, WI and key production equipment.  The additional location will significantly increase Legacy’s production capacity and provide redundant capabilities, allowing it to better serve existing and new customers.  Rupal Patel, Operating Partner at Benford Capital, commented, “We are excited to continue building the Legacy Bakehouse platform alongside the Legacy management team.  The Angelic team operated a best-in-class facility that approximately doubles our capacity while enabling our expansion into tortillas and other adjacent products.”

About Benford Capital Partners

Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired more than 50 companies and currently owns 15 platform companies. BCP’s industry areas of focus include industrial technology, food and consumer products, agricultural products and services, and B2B e-commerce. BCP is currently investing from its $200 million Fund II and has approximately $350 million of total capital under management. For more information, please visit www.benfordcapital.com.

For additional information about this transaction, please contact Ben Riefe (ben@benfordcapital.com), Brian Behm (bbehm@benfordcapital.com), or Rupal Patel (rupal@benfordcapital.com).