Benford Capital buys Legacy Bakehouse

Benford Capital Partners (BCP), a Chicago-based private equity firm, has acquired baked snack maker Legacy Bakehouse.

Founded in 1917, Wisconsin-based Legacy manufactures baked snack products, such as bagel chips, rye chips and pita chips, for CPG and retail customers. Legacy is also the owner and manufacturer of Pinahs Rye Chips and Snack Mixes.

President Peter Sardina commented: “We are excited to partner with Benford Capital in our next phase of growth. Our team looks forward to working together to grow with our existing customers, expand our production footprint and remain committed to exceptional customer service.”

BCP and Legacy plan to invest in the business’s operational capacity and sales capabilities to drive growth. In addition, they will pursue acquisitions of other snack component developers and manufacturers.

Ben Riefe, managing director at BCP, said: “Legacy Bakehouse is a great company with a rich history and successful track record. Peter Sardina and the Legacy team have firmly established the company as a leader in baked snack components, and we look forward to executing our value creation plan together.”

The financial terms of the acquisition deal were not disclosed.