Tilia Holdings has successfully sold its portfolio company Ellison Bakery to QualiTech, highlighting a strategic move that positions both companies for continued growth in the baked ingredient solutions market.

Target Information

Tilia Holdings, LLC, a Chicago-based private equity firm specializing in the manufacturing and services sectors within the food chain, has announced the sale of Ellison Bakery, LLC to QualiTech, LLC, a portfolio company of MidOcean Partners. This transaction, which occurred on August 20, 2024, did not disclose financial terms. Ellison has built a reputation as a premier manufacturer of customized baked ingredient solutions, catering to a diverse range of market needs.

Established in 1945 and headquartered in Fort Wayne, Indiana, Ellison Bakery has evolved into a leading provider of baked inclusions, crunches, bits, cookie components, and bars. These products are integral to the active nutrition, frozen treat, yogurt, and beverage industries. The Company is recognized for its innovative customized formulations that balance performance with flavor, structure, texture, and mouthfeel, driven by its strong research and development capabilities.

Industry Overview in the United States

The U.S. food manufacturing industry is a robust and dynamic sector that plays a critical role in the country's economy. Growth in this sector is fueled by evolving consumer preferences, particularly t