Investor-backed Maple Donuts Appoints Greg Somerville As Ceo

Credit: Diego Galtieri/Shutterstock

Maple Donuts, a portfolio institution of Swander Pace Capital, has appointed Greg Somerville arsenic nan US-based bakery company’s CEO.

Somerville was astir precocious president and CEO of nan US subsidiary of Savencia Fromage & Dairy headquartered successful Paris. He has besides held executive positions astatine dairy business Land O’Lakes, The Pillsbury Company now owned by US nutrient awesome General Mills, and FMCG elephantine Unilever.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to scope engaged professionals crossed 36 starring media platforms.

Find retired much

“This activity modulation marks a pivotal infinitesimal for nan Pennsylvania-based shaper arsenic it enters its adjacent shape of accelerated maturation and marketplace description ,” Swander Pace Capital, which acquired Maple Donuts in nan summer, said successful a connection coming (23 October).

Founded successful 1946 by nan Burnside family, Maple Donuts produces private-label doughnuts for nan unit transmission and besides supplies foodservice successful nan US.

Luke Burnside, who is now nan vice provident for sales, said: “Greg’s extended acquisition scaling CPG platforms and his heavy expertise successful transmission improvement make him nan perfect leader for Maple Donuts’ adjacent maturation chapter.

“His customer-first mindset and operational acumen will fortify our partnerships crossed nan unit and foodservice channels while accelerating our marketplace description .”

Just Food has asked Swander Pace Capital for much specifications connected nan description programme and whether caller markets and customers are successful nan pipeline arsenic Somerville described Maple Donuts arsenic being astatine an “exciting inflection point”.

Tyler Matlock, a managing head astatine nan private-equity patient and besides Maple Donuts’ committee chair, added: “Greg’s assignment represents a strategical milestone successful Maple Donuts’ evolution. The Burnside family person been tremendous stewards of Maple Donuts and we want to proceed that legacy.”

Swander Pace Capital did not uncover nan financial position of nan transaction for Maple Donuts earlier this year.

Previous acquisitions struck by nan investor and which are still portion of its portfolio include: Boulangerie St. Méthode; Café Valley; Inovata Foods; Purely Elizabeth; Mighty Spark; Alden’s Organic; and Bragg Live Foods.