East Balt Bakeries Acquires The Wendy's Company Bakery Business
CHICAGO and DUBLIN, Ohio, June 2, 2015 /PRNewswire/ -- East Balt Bakeries and The Wendy's Company (NASDAQ: WEN) today jointly announced they have completed a stock transaction under which East Balt has acquired Wendy's Zanesville, Ohio bakery business, The New Bakery Company, LLC.
"We are pleased to add the New Bakery business and employees to the East Balt family," said East Balt CEO Mark Bendix. "We are excited about the potential opportunity to further expand our U.S. bakery operations and to service a terrific global brand like Wendy's®. We look forward to continuing to work with the Wendy's and New Bakery leadership teams to fully transition the business in the coming weeks."
"The sale of the New Bakery business is consistent with Wendy's growth and financial strategies to focus resources against our core restaurant business," said Wendy's President and CEO Emil Brolick. "We believe New Bakery and its employees have the potential to thrive and grow as part of an industry-leading and dedicated bakery company like East Balt. We thank and recognize the New Bakery team for their important contributions to the Wendy's brand."
The facility will continue to serve as one of Wendy's bakery vendors to provide the Wendy's system with a consistent supply of high-quality products.
About East Balt Bakeries
Headquartered in Chicago, IL, East Balt is a global bakery business spanning four continents with 21 bakeries in 12 countries. East Balt has grown over the last 50 years through partnerships with leading food service organizations and with a dynamic portfolio of high quality products including buns, bagels, biscuits, English muffins, tortillas and breads. East Balt is recognized as a quality and innovation leader and is committed to driving the success of its customers.
About The Wendy's Company
The Wendy's Company is the world's third-largest quick-service hamburger company. The Wendy's system includes approximately 6,500 franchise and Company-operated restaurants in the United States and 28 countries and U.S. territories worldwide. For more information, visit aboutwendys.com or wendys.com.
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SOURCE The Wendy's Company; East Balt Bakeries
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