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Stock impact report

One Equity Partners Agrees to Acquire CraftMark Bakery [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
CraftMark Bakery , ("CraftMark" or "the Company"), a supplier of bakery products for quick service restaurants and in-store retail bakeries. Based in Indianapolis, CraftMark is a wholesale producer of bread dough, cookie dough, muffins, flatbread, baked cookies and filled dough for customers nationwide. CraftMark operates a modern, industry-leading, and highly automated bakery with seven production lines and over 500 million pounds of production capacity. "The North American frozen bakery space is a large, growing, and fragmented market in which OEP has previous experience. Our investment in CraftMark presents an opportunity to participate in the attractive foodservice and in-store bakery segments each with considerable growth potential," said Joseph Huffsmith , Partner at One Equity Partners. "CraftMark has established itself as a leader in the baked goods production space. We look forward to working with the Company's management team to support and grow its blue-chip customer ba Show less Read more
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