The acquisition will extend Dawn’s reach into the Canadian market and support product and bakery expertise
Dawn Foods, a global bakery ingredient manufacturer based in Michigan, has reportedly acquired Ardent Mill’s mix facility in Burlington, Ontario and has gained the rights of its sweets goods operations in Canada.
According to trusted sources, this strategic business decision will expand Dawn’s reach to the Canadian market and support product and bakery expertise and innovations throughout the region.
Apparently, the acquisition will allow both the companies to focus on their core proficiencies. While Dawn Foods will continue to focus on its bakery ingredient products, Ardent, under Dawn’s ownership, will keep supplying flour to the facility.
Carrie Jones-Barber, CEO, Dawn Foods was quoted stating that the acquisition of Ardent Mills will enable Canadian customers to gain access to the company’s leading products. Dawn Foods will continue to focus on producing bakery ingredients while extending the company’s presence in Canada will allow Dawn Foods to deliver targeted insights, innovations, products and bakery expertise to more bakeries across the country, she further added.
Citing reports, Ardent’s Burlington facility products are distributed to industrial and wholesale markets. The range of products the mill produces include bread, brownie, cake, donut, muffins, Danish and pizza dough.
Daniel P. Dye, Ardent Mills CEO, stated that the acquisition will allow the company to shift their focus from sweet ingredient mixes and move to flour and savory mixes. Dawn will now cater to the company’s Canadian market and the companies will ensure a smooth transition without disrupting the market demands.
For the record, Dawn Food Product Inc. was founded in 1920, Michigan and began operations as nation’s first industrial bakery mix company. Today, the company supplies consistent mixes, icings, fillings, glazes, frozen doughs and fully baked products to the food industry globally.
Reportedly, Dawn Foods and Ardent Mills closed the deal on 21 June 2019. However, financial details related to the acquisition had not been disclosed so far.
Source Credits: https://www.foodbusinessnews.net/articles/14006-dawn-foods-expands-footprint-in-canada
A qualified post graduate in finance and management, Pankaj Singh has been working as a content developer for quite a while now. Endowed with a two-year experience as a U.K. insurance underwriter, Pankaj pens down pieces for news.decresearch.com and other portals.