Stewart Systems buys Spooner Vicars
May 21, 2007
by Jeff Gelski
PLANO, TEXAS — Stewart Systems, Inc., Plano, has acquired Spooner Vicars, Ltd., based in the United Kingdom, to create a combined baking industry company that has facilities in the United States, the United Kingdom, India and China. More than 50 agents and direct sales offices will serve customers worldwide.
The combined company will be able to expand its product portfolio in the following baking segments: bread and bun, biscuit and snack, along with the recently founded robotics and tortilla divisions initiated by Stewart Systems in the past year.
Corporate headquarters will be in Plano. The Spooner Vicars office in the United Kingdom will continue to focus on biscuit and snack technology.
Stewart Systems, a manufacturer of bread and bun equipment, was founded in 1947. Spooner Vicars, founded in 1849, serves bakery markets in the biscuit/snack, bread and cereal sectors. Wayne Poteet, previous owner of Spooner Vicars, will serve as managing director of the new company.
"The combining of both companies will be much stronger than the sum of the individual parts, and we are looking forward to the future with great confidence," Mr. Poteet said.
Nand Kumar, chief executive officer of Stewart Systems, said, "This combination will provide an excellent platform for both companies to be leaders in all served segments of the baking industry and yields an environment for greater innovation and customer satisfaction."