LOS ANGELES — Global Bakeries, L.L.C., one of the largest specialty bakeries privately owned in the western United States, has acquired Bubbles Baking Co. Financial terms of the transaction were not disclosed.
Headquartered in Van Nuys, Calif., Bubbles offers more than 300 stock-keeping units of frozen cakes and delicacies. The company’s products include Danish, muffins, cupcakes, cheesecakes, cakes, tortes, mousses, loaves, rolls, buns, pancakes, pastries and other baked foods.
With the acquisition, Bubbles is a fully owned subsidiary of Global Bakeries. Christopher Botticella, chief executive officer of Global Bakeries, now will lead Bubbles as well.
“For over 55 years Bubbles has set the standard in homemade pastries, and we at Global Bakeries not only want to continue that tradition but enhance and build on their standard of excellence with our increased efficiencies and new product lines,” Mr. Botticella said. “We are excited to add Bubbles into our family and look to the future with further great excitement.”
The transaction was led by Dallas-based Surge Private Equity and The Firmament Group, which invested in Global Bakeries last December.
“The acquisition of Bubbles allows Global Bakeries to expand into the dessert baking arena,” said Tom Beauchamp, partner at Surge Private Equity. “From better ingredient pricing to offering customers more product lines, we see a lot of opportunity in the fragmented niche boutique baking space to add value by consolidation of these strong brands and products. We aim to do several add on acquisitions this year.”
Based in Pacoima, Calif., Global Bakeries creates non-G.M.O. and organic bread products such as pita bread, pita chips, bagels, flatbread and croissants for grocery stores, bakeries, restaurants and private label customers. The company was established in 1977 by Albert Boyajian and currently has more than 150 employees working onsite.