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Hometown Food Company Acquires Birch Benders

Jan 09, 2023over 2 years ago

Acquiring Company

Hometown Food

Acquired Company

Birch Benders, LLC

Denver

Description

Hometown Food Company, ("Hometown Foods") home to an iconic portfolio of American baking brands, controlled by Brynwood Partners VIII L.P., has completed the acquisition of Birch Benders from Sovos Brands, Inc. (NASDAQ: "SOVO") ("Sovos Brands"), a public company listed on the NASDAQ exchange. The terms of the transaction are not being disclosed.

Company Information

Company

Hometown Food

About

At Hometown Food Company we don’t only hold some of America’s most beloved baking brands, we’re inspired by them.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed