Sargento Foods to acquire Baker Cheese Factory
Sargento said as consumers seek more “on-the-go” options, cheese snacking has become one of the fastest-growing sections of the cheese category and shows no sign of slowing. The company said the acquisition will enable it to better serve consumers by adding to its sliced, shredded, and snack natural cheese products.
“We’re excited to welcome Baker Cheese and its employees to the Sargento Family. This is a great opportunity, and will allow us to continue our industry-leading growth in the marketplace,” said Louie Gentine, CEO Sargento Foods.
Founded in 1916, Baker Cheese produces mozzarella string cheese, which is sold in all 50 states.
“We believe Sargento has the right culture, capabilities, and commitment to innovation to grow our business for generations to come,” said Brian Baker, CEO of Baker Cheese.
“Our award-winning string cheese and commitment to service and quality aligns with everything Sargento seeks to accomplish. We welcome this important step toward our future.”
Sargento and Baker did not disclose any financial details of the sale. Baker Cheese employs 250 people in St. Cloud, Wis. while Sargento has more than 2,000 employees at its four Wisconsin locations, as well as a remote sales team across the US. This acquisition will not displace any employees.