CHICAGO - East Balt, a global bakery company, announced today that it will be acquired by One Equity Partners (OEP). The transaction is expected to close before the end of 2012, subject to the satisfaction of regulatory approvals and customary closing conditions. "East Balt is a quality and service leader in the bakery industry and OEP is excited to help the company grow with its valued customers," said Thomas Kichler, Managing Director at One Equity Partners.
Frank Kuchuris, CEO of East Balt, commented, "We are pleased to be entering into a new chapter in East Balt's history. We believe that this partnership will create exciting opportunities for our company, our customers, and our employees. My management team looks forward to working with One Equity Partners to build a world-class enterprise."
Learn more at eastbalt.com.
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