Maple Donuts, a portfolio firm of Swander Tempo Capital, has appointed Greg Somerville because the US-based bakery firm’s CEO.
Somerville was most lately president and CEO of the US subsidiary of Savencia Fromage & Dairy headquartered in Paris. He has additionally held government positions at dairy enterprise Land O’Lakes, The Pillsbury Firm now owned by US meals main Basic Mills, and FMCG big Unilever.
“This management transition marks a pivotal second for the Pennsylvania-based producer because it enters its subsequent section of accelerated development and market enlargement,” Swander Tempo Capital, which acquired Maple Donuts in the summertime, mentioned in an announcement at present (23 October).
Based in 1946 by the Burnside household, Maple Donuts produces private-label doughnuts for the retail channel and in addition provides foodservice within the US.
Luke Burnside, who’s now the vice provident for gross sales, mentioned: “Greg’s in depth expertise scaling CPG platforms and his deep experience in channel improvement make him the perfect chief for Maple Donuts’ subsequent development chapter.
“His customer-first mindset and operational acumen will strengthen our partnerships throughout the retail and foodservice channels whereas accelerating our market enlargement.”
Simply Meals has requested Swander Tempo Capital for extra particulars on the enlargement programme and whether or not new markets and clients are within the pipeline as Somerville described Maple Donuts as being at an “thrilling inflection level”.
Tyler Matlock, a managing director on the private-equity agency and in addition Maple Donuts’ board chair, added: “Greg’s appointment represents a strategic milestone in Maple Donuts’ evolution. The Burnside household have been super stewards of Maple Donuts and we need to proceed that legacy.”
Swander Tempo Capital didn’t reveal the monetary phrases of the transaction for Maple Donuts earlier this yr.
Earlier acquisitions struck by the investor and that are nonetheless a part of its portfolio embrace: Boulangerie St. Méthode; Café Valley; Inovata Meals; Purely Elizabeth; Mighty Spark; Alden’s Natural; and Bragg Reside Meals.
“Investor-backed Maple Donuts appoints Greg Somerville as CEO” was initially created and printed by Simply Meals, a GlobalData owned model.
The knowledge on this website has been included in good religion for common informational functions solely. It isn’t supposed to quantity to recommendation on which you must rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. It’s essential to acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our website.
Maple Donuts, a portfolio firm of Swander Tempo Capital, has appointed Greg Somerville because the US-based bakery firm’s CEO.
Somerville was most lately president and CEO of the US subsidiary of Savencia Fromage & Dairy headquartered in Paris. He has additionally held government positions at dairy enterprise Land O’Lakes, The Pillsbury Firm now owned by US meals main Basic Mills, and FMCG big Unilever.
“This management transition marks a pivotal second for the Pennsylvania-based producer because it enters its subsequent section of accelerated development and market enlargement,” Swander Tempo Capital, which acquired Maple Donuts in the summertime, mentioned in an announcement at present (23 October).
Based in 1946 by the Burnside household, Maple Donuts produces private-label doughnuts for the retail channel and in addition provides foodservice within the US.
Luke Burnside, who’s now the vice provident for gross sales, mentioned: “Greg’s in depth expertise scaling CPG platforms and his deep experience in channel improvement make him the perfect chief for Maple Donuts’ subsequent development chapter.
“His customer-first mindset and operational acumen will strengthen our partnerships throughout the retail and foodservice channels whereas accelerating our market enlargement.”
Simply Meals has requested Swander Tempo Capital for extra particulars on the enlargement programme and whether or not new markets and clients are within the pipeline as Somerville described Maple Donuts as being at an “thrilling inflection level”.
Tyler Matlock, a managing director on the private-equity agency and in addition Maple Donuts’ board chair, added: “Greg’s appointment represents a strategic milestone in Maple Donuts’ evolution. The Burnside household have been super stewards of Maple Donuts and we need to proceed that legacy.”
Swander Tempo Capital didn’t reveal the monetary phrases of the transaction for Maple Donuts earlier this yr.
Earlier acquisitions struck by the investor and that are nonetheless a part of its portfolio embrace: Boulangerie St. Méthode; Café Valley; Inovata Meals; Purely Elizabeth; Mighty Spark; Alden’s Natural; and Bragg Reside Meals.
“Investor-backed Maple Donuts appoints Greg Somerville as CEO” was initially created and printed by Simply Meals, a GlobalData owned model.
The knowledge on this website has been included in good religion for common informational functions solely. It isn’t supposed to quantity to recommendation on which you must rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. It’s essential to acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our website.
