AUSTIN, TEXAS — Sterling Foods II, Inc., a portfolio company of TGF Management Corp. and Austin Ventures, has acquired Caravan Trading Co., San Antonio. Financial terms were undisclosed.
Founded in 1975, Caravan is a family-owned and operated wholesale bakery that produces baked goods for the wholesale, military, food service and retail industries. The company has two production facilities in Union City, Calif.
One of the largest bagel producing companies on the West coast, Caravan recently expanded its production capacity to serve the rapidly growing ‘thin’ (low-calorie) segment of the baked goods market. In addition to bagels, Caravan produces other baked foods products such as frozen Danishes, croissants, puff dough, sweet goods, pound/coffee cakes, muffins, cinnamon rolls, scones, pita bread, specialty bread, Hispanic pastries/pan dulce, Mexican bread, and bagel sandwiches.
Founded in 1971, Sterling Foods supplies baked foods and gourmet bakery items to the food service, military and retail industries. The company’s products include a variety of specialty and gourmet baked products such as brownies, cakes, cookies, snack bread, soft pretzels, muffins, scones, pizza crusts and biscuits. Sterling is the largest supplier of shelf stable bakery products to the military and also provides products to the K - 12 educational market, weight management industry, and other specialty commercial markets.