AT LEAST NEXT SATURDAY. TABLE TALK PIES, AN ICONIC NEW ENGLAND BRAND, NOW HAS A NEW OWNER. RISE BAKING COMPANY HAS ACQUIRED THE 100-YEAR-OLD WORCESTER-BASED COMPANY. TABLE TALK SAYS THERE WILL BE NO MAJOR CHANGES TO ITS DAILY OPERATIONS, AND THERE ALWAYS WILL BE. They will continue to make their snack pies at their Gardner Street headquarters. TABLE TALK WAS FOUNDED IN WORCESTER IN 192
Table Talk Pies, iconic New England brand, acquired by Rise Baking
Century-old company based in Worcester, Massachusetts, known for its snack-sized pies
Updated: 1:44 p.m. EDT June 15, 2024
Table Talk Pies, a century-old Massachusetts business well known for its snack-sized pies, is now under new ownership. Table Talk announced Friday that the company had been acquired by Rise Baking Company, which offers a variety of baked goods. to retail bakeries, foodservice operators and distributors across North America. Founded in 1924, Table Talk Pies bakes millions of 4-inch snack pies each year and also produces 8-inch, 9-inch and 10-inch dessert pies, which are distributed throughout North America. Table Talk executives said the Worcester-based company will continue to operate as Table Talk Pies from its Gardner Street headquarters and that they do not expect any major changes to operations daily activities of the company. Additionally, Table Talk executives said the deal with Rise Baking Company is expected to bring additional production volume to Table Talk’s central Massachusetts facility, creating the potential to increase the company’s workforce. company of 350 employees. “I was very impressed with the people. of Rise Baking and their integrity,” Harry Kokkinis, executive chairman of the board of Table Talk Pies and grandson of the company’s founder, said in a statement. “I am confident they will be great stewards of the legacy of Table Talk and the employees who worked so hard to make this company great.” “This is an exciting time for Table Talk Pies, and this agreement with Rise Baking Company will help preserve the Table Talk Pies brand for years to come,” said Cliff Rucker, director of Table Talk Pies, in a statement. “Table Talk is a brand that means so much to so many people. When we entered into this partnership, the goal was to ensure that the brand would be stabilized and prepared for future success. Rise Baking Company is a well-established and well-respected company in the baking industry, making this partnership an ideal choice to achieve this goal. “Rise Baking Company is based in Minneapolis and is a portfolio company of private equity firm Olympus Partners.” I am excited to welcome Table Talk and its employees to the Rise team,” Brian Zellmer, CEO of Rise Baking Company, said in a statement. “As Pies’ second acquisition, we look forward to expanding our part of the pie business, opening up new possibilities while preserving the treasured heritage of the Table Talk brand.” Other businesses under the Rise Baking Company umbrella include Brill, South Coast Baking, Best Maid Cookie Company, Henry. & Henry, New French Bakery, Bakestone Brothers and Karp’s By acquiring Table Talk Pies, Rise Baking will now have 20 manufacturing facilities across the United States and Canada, with an estimated total workforce of 3,700. “We are excited to see Rise. grow in the pie category, continuing to expand its offerings to better serve its customer base,” Mike Horgan, partner at Olympus Partners, said in a statement. “The Rise team continues to demonstrate an exceptional ability to create and implement business strategies that expand their existing and newly acquired brands.” According to a January Reuters report, Olympus Partners was exploring a sales process for Rise Baking Company that would allow the private equity company $2.5 billion. dollars. Previous coverage:
Table Talk Pies, a century-old Massachusetts business well known for its snack-sized pies, now has a new owner.
Table Talk announced Friday that the company has been acquired by Rise Baking Company, which supplies a variety of baked goods to retail bakeries, food service operators and distributors across North America.
Founded in 1924, Table Talk Pies bakes millions of 4-inch tarts each year and also produces 8-inch, 9-inch and 10-inch dessert pies, which are distributed throughout North America.
Table Talk executives said the Worcester-based company would continue to operate as Table Talk Pies from its Gardner Street headquarters and that they did not expect any major changes to operations daily activities of the company.
Additionally, Table Talk executives said the deal with Rise Baking Company is expected to bring additional production volume to Table Talk’s central Massachusetts facility, creating the potential to add 350 employees to the company. workforce of the company.
“I have been very impressed with the people at Rise Baking and their integrity,” Harry Kokkinis, executive chairman of the board of Table Talk Pies and grandson of the company’s founder, said in a statement. “I am confident they will be great stewards of the legacy of Table Talk and the employees who worked so hard to make this company great.”
“This is an exciting time for Table Talk Pies, and this agreement with Rise Baking Company will help preserve the Table Talk Pies brand for years to come,” Cliff Rucker, director of Table Talk Pies, said in a statement. “Table Talk is a brand that means so much to so many people. When we entered into this partnership, the goal was to ensure that the brand would be stabilized and prepared for future success. Rise Baking Company is a well-established and well-respected company in the baking industry, making this partnership the ideal solution to achieve this goal.
Rise Baking Company is based in Minneapolis and is a portfolio company of private equity firm Olympus Partners.
“We are excited to welcome Table Talk and its employees to the Rise team,” Brian Zellmer, CEO of Rise Baking Company, said in a statement. “As our second pie acquisition, we look forward to expanding our share of the pie business, opening up new possibilities while preserving the valuable heritage of the Table Talk brand.”
Other businesses under the Rise Baking Company umbrella include Brill, South Coast Baking, Best Maid Cookie Company, Henry & Henry, New French Bakery, Bakestone Brothers and Karp’s.
By acquiring Table Talk Pies, Rise Baking will now have 20 manufacturing facilities across the United States and Canada, with an estimated total workforce of 3,700.
“We are excited to see Rise grow in the pie category, continuing to expand its offerings to better serve its customer base,” Mike Horgan, partner at Olympus Partners, said in a statement. “The Rise team continues to demonstrate an exceptional ability to create and implement business strategies that grow their existing and newly acquired brands.
According to a Reuters report from January, Olympus Partners was exploring a process to sell Rise Baking Company that would raise $2.5 billion for the private equity firm.