September, 2017 – Skidmore Development Group and SouthPac Partners announce the acquisition of Cinnaroll Bakeries Ltd., a leading integrated bakery and makers of gourmet cinnamon rolls.
Cinnaroll Bakeries Ltd. (cinnaroll.com) markets two brands: Cinnaroll by Baker Boys, a wholesale manufacturer of branded baked product; and CinnZeo (cinnzeo.com), a network of corporate-owned and franchised café style cinnamon roll stores. CinnZeo specializes in producing scratch-baked, in-house-oven hot cinnamon rolls in leading malls and other high-traffic retail locations.
Skidmore Development Group and SouthPac Partners are committed to accelerate the growth of Cinnaroll’s wholesale business in North America and, leveraging their expertise in retail and franchising, will continue the expansion of the CinnZeo brand throughout North America and internationally.
CCC Investment Banking (“CCC”) acted as the exclusive financial advisor to Cinnaroll Bakeries Ltd.