Ralcorp Holdings Inc has completed the purchase of the assets of Concept 2 Bakers (C2B), including a bakery in Fridley MN, a northern suburb of Minneapolis. Terms of the agreement were not disclosed.
C2B will be operated by Ralcorp's Lofthouse Foods in-store baking business. C2B manufactures frozen par-baked artisan breads and has annual net sales of approximately $34 million. C2B also produces other frozen bakery products including par-baked custom breads, baked deli sandwich breads, and baked and unbaked cutout and standard cookies. The products are sold throughout the United States to the in-store bakeries of grocers and mass merchandisers, and to foodservice customers. C2B was a division of family-owned-and-operated McGlynn Bakeries LLC.
Ralcorp produces store brand foods sold under the individual labels of various grocery, mass merchandise, and drug store retailers, and frozen bakery products sold to restaurant and foodservice customers.