East Balt, Inc.
27.11.2012 20:24
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CHICAGO, 2012-11-27 20:23 CET (GLOBE NEWSWIRE) --
East Balt Inc. ('East Balt'), a leading global bakery company, announced today
that it will be acquired by One Equity Partners ('OEP'). The transaction is
expected to close before the end of 2012, subject to the satisfaction of
regulatory approvals and customary closing conditions. 'East Balt is a quality
and service leader in the bakery industry and OEP is excited to help the
company grow with its valued customers,' said Thomas Kichler, Managing Director
at One Equity Partners.
Frank Kuchuris, CEO of East Balt, commented, 'We are pleased to be entering
into a new chapter in East Balt's history. We believe that this partnership
will create exciting opportunities for our company, our customers, and our
employees. My management team looks forward to working with One Equity Partners
to build a world-class enterprise.'
About East Balt Inc.
Headquartered in Chicago, IL, East Balt is a global bakery business spanning
four continents with 20 bakeries in 12 countries. East Balt has grown over the
last 50 years through partnerships with leading food service organizations and
with a dynamic portfolio of high quality products including buns, bagels,
biscuits, english muffins, tortillas and breads. East Balt is recognized as a
quality and innovation leader and is committed to driving the success of its
customers.
The East Balt, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15972
About One Equity Partners
One Equity Partners is the private investment arm of JPMorgan Chase & Co. and
manages more than $14 billion in commitments and investments solely for the
bank. OEP enters into long-term partnerships with companies to create
sustainable value through long-term growth driven both organically and
inorganically. Founded in 2001, OEP has 39 investment professionals in New
York, Chicago, Frankfurt, Vienna, Hong Kong and elsewhere around the globe.
Visit www.oneequity.com for more information.
CONTACT: Ed Gin
Chief Financial Officer
773-797-9326
egin@eastbalt.com
News Source: NASDAQ OMX
27.11.2012 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: East Balt, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9902375214
WKN:
End of Announcement DGAP News-Service
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DGAP-News: East Balt to be Acquired by One Equity Partners
| Source: EQS Group AG