Forward Consumer Partners has acquired Firehook Bakery, a leading artisan baking business, to drive further growth and expansion in the premium food sector.
Information on the Target
Firehook Bakery, founded in 1992 in Alexandria, Virginia, is an artisan baking company renowned for its commitment to quality and innovation. Specialty products include organic sourdough breads and artisanal crackers, with the brand now recognized as the top producer of artisanal crackers in the United States. The company’s name reflects a historical baking tool, which symbolizes its dedication to traditional baking practices.
Over the past decade, Firehook has experienced remarkable growth, boasting a 50% compound annual growth rate (CAGR). The bakery's small-batch products prioritize exceptional taste, using simple and distinctive ingredients. Firehook is also committed to sustainability and quality, evidenced by its Organic, Non-GMO Project Verified, Kosher, and SQF certifications.
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Industry Overview in the Target’s Specific Country
The U.S. artisanal bakery industry has seen significant growth as consumer preferences shift towards quality, health-conscious products. Consumer demand for organic, non-GMO, and locally
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Forward Consumer Partners
invested in
Firehook Bakery
in 2024
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Transaction Size: $425M