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Irish food company IAWS Group, plc, has signed an agreement to acquire baked goods manufacturer Otis Spunkmeyer Holdings, Inc.

Food Management Staff

October 16, 2006

1 Min Read
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FM Staff

Irish food company IAWS Group, plc, has signed an agreement to acquire baked goods manufacturer Otis Spunkmeyer Holdings, Inc, from the company's current management and private equity firm of Code Hennessy & Simmons, which had purchased the company four years ago in a leveraged buyout. The management team, including CEO John Schiavo, is expected to stay on. The acquisition is expected to complement IAWS’ existing La Brea Bakery business.

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Food Management Staff

Food Management is a media brand that features trends and best practices, products and solutions that connect deeply with the noncommercial foodservice professional. Four key onsite segments — College & University, K-12, Healthcare, and Business & Industry dining — are the focal points in our coverage. Our audience receives both the big picture information they need as well as segment specific knowledge to run their businesses better.

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