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.
CCC (www.cccinvestmentbanking.com) is a leading Canadian middle-market investment banking firm with offices in Toronto and Vancouver. It has a 40-year track record of advising middle-market companies on mergers and acquisitions, financings, recapitalizations and restructurings as well as providing valuations, fairness opinions and strategic consulting services. CCC is the exclusive Canadian partner firm of Corporate Finance International, a closely-knit global network of independent investment banks.
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