Minneapolis-based Rise Baking Company, a prominent name in North American bakery manufacturing, has officially announced the acquisition of Worcester, MA-based Table Talk Pies, Inc.. This strategic move aims to expand Rise’s foothold in the pie sector by integrating Table Talk’s extensive expertise and longstanding reputation in pie production. Table Talk Pies, a leader in the industry since 1924, is renowned for its comprehensive range of snack and dessert pies, boasting significant sales volumes across various markets.

Transaction Details and Strategic Synergies

While the financial specifics of the deal were not disclosed, the acquisition is poised to create substantial value for both entities. Rise Baking Company, known for its diverse product offerings including cookies, cakes, muffins, and artisan breads, sees this acquisition as a key step in solidifying its presence in the pie segment. This acquisition marks Rise’s second major investment in the pie industry, reflecting its commitment to diversifying and strengthening its product portfolio.

Table Talk Pies President Isaac Long remarked on the synergy between the two companies: “Rise’s commitment to innovation and uncompromising quality aligns perfectly with Table Talk’s values, making this a win-win opportunity that sets Table Talk up for success going forward. We’re excited to bring our century of experience and expertise in the pie industry to the Rise platform.”

Corporate Growth and Expansion

With this acquisition, Rise Baking Company will now operate 20 manufacturing facilities across the United States and Canada, employing approximately 3,700 individuals. The integration of Table Talk’s three automated pie manufacturing facilities and its team of over 300 dedicated employees is expected to enhance Rise’s production capabilities and distribution reach.

Brian Zellmer, CEO of Rise Baking Company, expressed his enthusiasm about the acquisition, stating, “We’re excited to welcome Table Talk and its employees to the Rise team. As our second pie acquisition, we’re eager to grow our slice of the pie industry, unlocking new possibilities while preserving the valued heritage of the Table Talk brand.”

Industry Impact and Future Prospects

This acquisition not only exemplifies Rise’s strategic growth ambitions but also its ability to integrate and elevate acquired brands. Mike Horgan, Partner at Olympus Partners, the private equity firm behind Rise, commented on the acquisition’s strategic importance: “The Rise team continues to demonstrate an exceptional ability to create and implement business strategies that grow their existing and newly acquired brands.”

Looking forward, the enhanced capabilities and expanded product line resulting from this acquisition are expected to bolster Rise Baking Company’s market position, enabling it to better serve its diverse customer base across in-store bakeries, foodservice operators, and distributors.

  bakery industry consolidation, pie manufacturing growth, Rise Baking Company, strategic bakery acquisitions, Table Talk Pies acquisition