Sargento Foods Buys Baker Cheese Factory
With more consumers demanding ‘on-the-go’ options, cheese has increasingly grown under the snacking category. Earlier this month, Sargento Foods signed a definitive agreement to acquire Baker Cheese Factory, Inc.
A Wisconsin-based company, Baker Cheese Factory was founded more than a hundred years ago and is well known for its mozzarella string cheese that is sold in all 50 states.
Sargento says the acquisition will enable it to better serve consumers by adding to its sliced, shredded, and snack natural cheese products.
Sargento CEO, Louie Gentine, said in a statement, “Throughout our history, we have always looked for new ways to build long-term stakeholder value. We’re excited to welcome Baker Cheese and its employees to the Sargento Family. This is a great opportunity and will allow us to continue our industry-leading growth in the marketplace.”
Meanwhile Baker Cheese CEO, Brian Baker, says their values align with Sargento and he welcomes this forward-step acquisition.
“We believe Sargento has the right culture, capabilities, and commitment to innovation to grow our business for generations to come,” Baker says.
Baker Cheese employs 250 people in St. Cloud, Wis., while Sargento has more than 2,000 employees at its four Wisconsin locations, as well as a remote U.S. sales team. This acquisition between Sargento and Baker Cheese will not relocate any employees.