Skidmore Development Group and SouthPac Partners have acquired Cinnaroll Bakeries Ltd., aiming to accelerate growth in the wholesale market and expand the CinnZeo brand internationally.

Target Information

Cinnaroll Bakeries Ltd. is a prominent integrated bakery known for producing gourmet cinnamon rolls. Founded in 1987, the company has established itself as a leader in Canada's gourmet baked goods market, particularly in the cinnamon roll and treats category. Its headquarters are located in Calgary, Alberta, and it operates a 35,000 sq. ft. wholesale bakery facility that supplies grocery and food service customers across North America. Additionally, Cinnaroll Bakeries encompasses two distinct brands: Cinnaroll by Baker Boys, which focuses on wholesale manufacturing of baked products, and CinnZeo, a franchise network of café-style cinnamon roll stores that offer freshly baked products in high-traffic retail settings.

With 72 CinnZeo locations in Canada, Mexico, and the Gulf countries, the company specializes in scratch-baked, oven-hot cinnamon rolls, enhancing the consumer experience through quality and convenience. Cinnaroll's commitment to exceptional taste and premium quality has resonated well with customers, reinforcing its dominant presence in the gourmet baked goods sector.

Industry Overview

The baking industry in Canada has demonstrated consistent growth, driven by an increasing consumer demand for artisanal and specialty baked goods. The ever-evolving tastes and preferences of Canadian consumers have led to a strong marke