ST. LOUIS — Brick by Brick L.L.C., an affiliate of Carson City, Nev.-based Nature’s Bakery, has emerged as the “stalking horse” bidder for Theodoro Baking Co. with a bid of $4.1 million. Theodoro filed for bankruptcy in August 2013.
Based in Hazelwood, Mo., Theodoro has more than 100 employees and operates a baking plant in Hazelwood where it produces wholesale baked foods and frozen bakery products marketed to a range of customers, including supermarkets, convenience stores and institutional customers such as in-house cafeterias. Its products are sold in the St. Louis region as well as into other unspecified markets around the country. Direct-store delivery distribution supplies customers in the St. Louis area.
Theodoro’s products include donuts, bread, bagels, cakes, cookies, pastries and other sweet goods. The company’s annual sales are estimated at $6 million to $7 million though they were significantly higher several years ago.
Founded in 2010, Nature’s Bakery makes fig bars in multiple flavors. The company projects its revenue will reach $100 million in 2014.