Bruegger's expands with bakery-cafe acquisitions
February 15, 2008
by Eric Schroeder
BURLINGTON, VT. — Bruegger’s Enterprises, Inc., the second largest U.S. bagel bakery with approximately 274 stores including 110 franchisees in 22 states, has acquired Triangle Bagels, Inc., a franchisee of 14 Bruegger’s bakery-cafes in North Carolina, and Bagel Factory, Inc., an operator of five bagel bakeries located in Philadelphia and its suburbs. According to Bruegger’s, the acquisitions will increase the scale of the company’s operations while contributing to improved efficiencies. Financial terms of the transaction were not disclosed.
The five Bagel Factory locations, which offer bagels, sandwiches, salads and soups, will complement 18 existing Bruegger’s bakery-cafes in Pennsylvania, Bruegger’s said. Triangle’s 14 Bruegger’s locations are part of Bruegger’s 32-store North Carolina footprint.
"The addition of Bagel Factory and the Triangle franchisee augments the reach of Bruegger’s operating platform and strengthens its value proposition," said Aaron P. Wolfe, vice-president of Sun Capital Partners, the private investment firm that manages Bruegger’s. "We look forward to working with Jim Greco and the Bruegger’s management team to further develop and expand Bruegger’s footprint through both organic growth and add-on acquisitions."