Acquisitions for C.H. Guenther & Son
C.H. Guenther & Son Inc. announces its acquisition of Golden West Baking Company, Gizella Pastry Ltd. and Les Boulangeries Rene Inc.
Dale W. Tremblay, president & CEO of CHG, complimented Rene Fluri, majority owner of these businesses, "Rene, his management team, and employees have built an impressive array of businesses that service many of the same customers that we supply today, but with an expanded geographical reach into Canada. The product capabilities are also very complimentary to both our European bakery business as well as our U.S. frozen dough and baked goods businesses."
Fluri established the Gizella pastry business in 1960 as a retail pastry shop in Vancouver. He expanded into wholesale bakery trade in 1967. In 1984, Fluri was asked to build a bun and muffin bakery to support a major restaurant chain, which led to the creation of Golden West Bakery Company (also in Vancouver). In 2003, Fluri acquired LBR, a Montreal bun bakery servicing the same quick service sector.
"The sale of the business to C.H. Guenther & Son allows me to spend more time with family and enjoy some of the other important activities I have going on here in Vancouver and in Switzerland," commented Fluri. "CHG has a great 163+ year history servicing customers and consumers alike, and as with our Canadian businesses, has created a very family-oriented culture for all employees."
Tremblay noted "we are very excited about this new addition to the CHG family of companies, and look to build on the legacy that Fluri has entrusted us with."
The company remains privately held, and as such details of the transaction were not disclosed.