Baking & Snack - November 2014 - 18

Bun Companies to buy Masada
The Bun Companies (TBC), Nashville, TN, entered an agreement to acquire
Masada Bakery, an Atlanta-based maker of rolls, buns and hoagies; bread; pastries; bagels; and ciabatta.
Financial terms of the transaction were not disclosed.
Masada Bakery was founded in 1981 by restaurateur Hezi
Stein. The company, which has
grown to produce more than
400 bakery products on five
main product lines, distributes
80% of its products to restaurants, caterers and hotels, and
20% to grocers such as Kroger, (From left) Tom Harrington, partner; Joe Waters, president, and (far
Trader Joe's and Whole Foods. right) Cordia Harrington, partner, The Bun Companies, welcome Koby
"Joining TBC and Masada Stein and Hezi Stein, founders of Masada Bakery.
Bakery will allow the companies to capture more synergies and leverage greater purchasing power," said
Cordia Harrington, CEO of The Bun Companies. "Our complementary product
lines will allow you to enjoy additional product offerings, and combining the
teams means a sharing of best practices among some of the industries' leading
talent, including product development, supply chain management experience and
proven quality management."
Koby Stein, currently president of Masada Bakery, and Hezi Stein, vice-president of sales and marketing, will remain in their current leadership roles at
Masada Bakery.
Founded in 1996, The Bun Companies' family of businesses includes Tennessee
Bun Co. (bakeries in Nashville and Dickson, TN) and Cold Storage of Nashville.
Mark Hotze was named vice-president and general manager of the newly-formed Tromp Group Americas,
Richmond, VA. Tromp Group Americas was established
by Tromp Group, a Dutch company that includes Tromp
Bakery Equipment, Vanderpol Waffle Systems and Den
Boer Ovens. All three of those companies were purchased
by Markel Bakery Group in the past two years. "I am excited
to join Tromp Group and be part of the larger Markel Bakery
Group," Mr. Hotze said. The Markel Group includes AMF Bakery Systems, Reading
Bakery Systems and Tromp Group.

Hill & Valley, Rock Island, IL, will invest $2.2
million to build a refrigerated warehouse and
expanded commercial bakery in Rock Island.
Hill & Valley, which makes sugar-free and nosugar-added baked foods, will consolidate its
operations from three existing buildings to a
new 136,000-sq-ft location.
McKee Foods Corp., Collegedale, TN, will
spend $34 million to expand production at
its plant in Stuarts Draft, VA. McKee Foods
last expanded the plant in 2012 when it announced an investment of $19 million to add
equipment to produce the company's minidonuts. The plant also makes a variety of
Little Debbie products.
Ingredion, headquartered in Westchester,
IL, and active in corn starch ingredients and
other specialty ingredients, announced it
plans to buy Penford, based in Centennial,
CO, and active in potato starch ingredients.
The transaction could close as early as the
end of the year, according to Penford.

People
Robert C. Cantwell was named president and
CEO of B&G Foods, Parsippay, NJ.

Anderson

Mondelez
International,
Deerfield, IL, named Dana
Anderson as senior vicepresident and chief marketing
officer.

Post Holdings, Inc., St. Louis, selected Robert
Vitale as president and CEO, Jeff A. Zadoks
as vice-president and CFO, and William P.
Stiritz as executive chairman. Terence Block
retired as president and COO.

IN MEMORIAM

Stuart Kriegermeier, an active member of the
Biscuit & Cracker Manufacturers' Association
for the past 25 years, died on Oct. 18 of a heart
attack. He was 67. Mr. Kriegermeier was chairman of the allied committee for nine years and
also served on the annual convention planning committee for the past 12 years. He was
the owner of American Engraving Corp.

18 Baking & Snack November 2014 / www.bakingandsnack.com

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