Rise Baking Company's owner to explore $2.5 billion sale -sources
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Private equity firm Olympus Partners is reportedly exploring a potential $2.5 billion sale of Rise Baking Company. Rise Baking, based in Minneapolis, produces various baked goods and was acquired by Olympus in 2018. The firm has hired Morgan Stanley to handle the sale process. Rise Baking generates approximately $220 million in earnings before interest, taxes, depreciation, and amortization. Private equity firms have been active in the food manufacturing sector, with recent deals including Clayton, Dubilier & Rice's acquisition of Shearer's Foods.
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