pcJ News Briefs – Skidmore Development Group and SouthPac Partners have acquired Cinnaroll Bakeries Ltd. from Barry Wolton and Craig Parsons.
Calgary based Cinnaroll Bakeries Ltd. is an integrated bakery and makers of gourmet cinnamon rolls. The company owns and operates a 35,000 sq. ft. wholesale bakery facility, servicing grocery and food service customers across North America and has 72 CinnZeo corporate retail and franchised locations in Canada, Mexico and the Gulf countries.
photo credit: Cinnaroll Bakeries
News Release
Skidmore Development Group and SouthPac Partners acquire Cinnaroll Bakeries
Vancouver, September 5, 2017 – Skidmore Development Group and SouthPac Partners announce the acquisition of Cinnaroll Bakeries Ltd., a leading integrated bakery and makers of gourmet cinnamon rolls.
Cinnaroll Bakeries Ltd. markets two brands: Cinnaroll by Baker Boys, a wholesale manufacturer of branded baked product; and CinnZeo (cinnzeo.com), a network of corporate-owned and franchised café style cinnamon roll stores. CinnZeo specializes in producing scratch-baked, in-house-oven hot cinnamon rolls in leading malls and other high-traffic retail locations.
Established in 1987, Cinnaroll Bakeries Ltd. (cinnaroll.com), has grown to become a Canadian market leader in the gourmet baked, Cinnamon Rolls and Treats category, providing fabulous baked goods of uncompromising taste, quality and convenience. Headquartered in Calgary, Alberta, Cinnaroll Bakeries Ltd. owns and operates a 35,000 sq. ft. wholesale bakery facility, servicing grocery and food service customers across North America and has 72 CinnZeo corporate retail and franchised locations in Canada, Mexico and the Gulf countries.
Skidmore Development Group and SouthPac Partners are committed to accelerate the growth of Cinnaroll’s wholesale business in North America and, leveraging their expertise in retail and franchising, will continue the expansion of the CinnZeo brand throughout North America and internationally.
About Skidmore Development Group
Skidmore Development Group is a private investment company focused on delivering long-term growth and value creation in retail, distribution, and real estate sectors. We invest in profitable small and mid-market companies with growth or consolidation opportunities and strong unique value proposition. We partner with owners/founders and passionate entrepreneurial management to build shareholder value, profitable growth, and consistent dividends. Skidmore Development Group is a member of Thomas Skidmore group of companies. (skidmore.com)
About SouthPac Partners
SouthPac Partners is a private investment group based in Vancouver, BC, focused on private operating businesses and real estate assets. Its investment approach is to build value over the long term, leveraging the experience of the principals and their investor network. It focuses on helping business owners with ownership transition, M&A financing, growth capital, land/building purchase, and selective restructuring opportunities. (southpacpartners.com)
For more information
Media and Investor inquiries:
Skidmore Development Group Ltd.
Jas Boparai, Managing Director
jasboparai@skidmore.com
SouthPac Partners
Jeremy South, Managing Partner
jsouth@southpacpartners.com