Atlanta, GA – Atlanta-based investment banking firm De NES Partners, LLC is pleased to announce its role as exclusive financial advisor to Azteca Bakeries, Inc. in its recent acquisition by Sweetmore Bakeries, a portfolio company of Shore Capital Partners. The transaction represents a strategic alignment of two leading players in the baked goods industry, aimed at expanding their reach and capabilities in the growing market for high-quality Mexican pastries.
Founded in 1954 and headquartered in Phoenix, AZ, Azteca Bakeries is a family-owned business specializing in the production of authentic Mexican pastries. The company has become a trusted name in the bakery industry, known for its commitment to quality and its portfolio of beloved Mexican pan dulce (sweet breads / pastries), including Mantecadas, Conchas, Empanadas, Polvorones, Cochitos (aka Piggies), Galletas, and other specialty traditional products. Under the leadership of the founding Lopez family, Azteca Bakeries has grown to serve customers nationwide while maintaining its dedication to artisanal baking traditions.
Sweetmore Bakeries, headquartered in Chicago, IL, is a leading provider of premium bakery products, including desserts, brownies, muffins, icings, fillings, and other specialty items. The company is backed by Shore Capital Partners, a private equity firm with significant expertise in building market-leading businesses in the food and beverage space as well as in the healthcare, business services, industrial, and real estate industries. Sweetmore’s acquisition of Azteca Bakeries allows the company to expand its product offerings and bring authentic Mexican pastries to a wider audience while continuing to uphold the high standards for which both companies are known.
“We are proud to have played a role in bringing together Azteca Bakeries and Sweetmore Bakeries in this strategic transaction,” said Doug Hubert & Don Schaeffer, Co-Managing Partners at De NES Partners. “Azteca’s products are truly second to none in the Mexican bakery industry. The company’s dedication to quality and authenticity is something special in the Mexican bakery industry.”
Hubert & Schaeffer added, “Felix Lopez is a pioneer in the bakery industry, having led the development of pan dulce offerings nationwide for in-store bakeries at large national grocery chains. His vision and leadership have set a high standard for Mexican pastries in the U.S. market. It was an honor to represent Felix and his family in this transaction. Mr. Lopez is truly an inspirational entrepreneur who built a business grounded in tradition, innovation, and excellence. We couldn’t be more proud to have been part of the journey.”
De NES Partners focuses on representing owners of single and multi-generational family and other privately held businesses across the United States with revenue between $15-250 million and EBITDA between $4-25 million in M&A (full sale and recapitalization) transactions. The firm’s two principals, with a combined 50+ years of mergers & acquisitions advisory experience, have successfully completed transactions across the full spectrum of manufacturing, distribution, and company-to-company business services, and have sold clients to some of the most sophisticated buyers in the world, including companies listed on the NYSE, NASDAQ, Toronto, Irish, and London Stock Exchanges, as well as institutional private equity firms and family offices.
For more information about the transaction, please contact Doug Hubert, Managing Partner, De NES Partners, LLC, (770) 858-4491, [email protected].