Bruegger’s Enterprises Business Deal

On 19th February 2008, Bruegger’s Enterprises Inc. announced an acquisition deal. The announcement revealed that Bruegger’s Enterprises Inc. was going to acquire Triangle Bagels Inc. and Bagel Factory Inc.Bruegger’s Enterprises Business Deals refer to the business deals made by Bruegger’s Enterprises Inc.
Most recently, Bruegger’s Enterprises announced an acquisition deal on 19th February 2008. The announcement made it clear that, Bruegger’s Enterprises Inc. was going to acquire Triangle Bagels Inc., a franchise of Bruegger’s bakery-cafes and Bagel Factory Inc., the operator of Bagel bakeries.

Company Profile Bruegger’s Enterprises Inc.
Bruegger’s Enterprises Inc. was established in the year 1983. At present, Bruegger’s Enterprises Inc. holds a top rank among the bakery companies of USA.
It runs 274 stores in the country. The company operates in 22 states of USA through 110 franchises.
It should be mentioned here, that Bruegger’s Enterprises Inc. is a portfolio company of Sun Capital Partners Inc., a private investment firm. This private investment firm is specialized in leveraged buyouts, equity and other investments.

Details of the Acquisition Deal
This acquisition deal was announced on 19th February 2008. But, the companies have not disclosed the terms and conditions of the acquisition deal.

It has been informed that, Bruegger’s Enterprises Inc. will acquire Triangle Bagels Inc. from its’ owner Edward Davis and Bagel Factory Inc. from its’ owner Becattini family.

After completion of the acquisition deal, five Bagel Bakeries of Bagel Factory Inc. will complement the existing bakery-cafes of Bruegger’s Enterprises Inc. in Pennsylvania. Similarly, fourteen bakery cafes of Triangle Bagels Inc. will complement the existing bakery-cafes of Bruegger’s Enterprises Inc. in North Carolina.

In this respect, James J. Greco, President and CEO of Bruegger’s Enterprises Inc. opined that, after acquiring Triangle Bagels Inc. and Bagel Factory Inc., Bruegger’s Enterprises Inc. will be able to expand its operations on a national level and will also be able to introduce additional production efficiencies.

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