Ellison Bakery in Fort Wayne acquired
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A wholesale bakery in Fort Wayne with roots dating back to 1945 is under new ownership. Ellison Bakery has been acquired by QualiTech, a manufacturer of plant nutrition, animal nutrition and food ingredient products headquartered in Chaska, Minnesota.
Financial terms of the acquisition are not being disclosed.
It is the third ownership change for Ellison Bakery in the last seven years. The company was acquired by Michigan-based private equity investment firm Blackford Capital in 2017 and then sold to Tilia Holdings in Chicago in 2020.
Ellison produces cookies, snack bars, crunches, toppings and inclusion ingredients for retail, food service and private label end markets, QualiTech said in a news release.
QualiTech CEO Rick Pederson said the acquisition will be beneficial to both companies and their customers.
“Both organizations have rich legacies of bespoke R&D, differentiated customer service, and superior product quality,” Pederson said in the release. “As a combined platform, we will be able to scale services, build additional product capabilities, and unlock access to a larger addressable market. The acquisition accelerates QualiTech’s efforts to lead the industry in providing specialty ingredients that enhance the sensory components of consumers’ favorite foods and positions our business for long-term success.”
The companies did not specify if any jobs would be impacted by the acquisition. QualiTech did not respond to multiple requests for more information from Inside INdiana Business.