Lincoln International Represents Ecce Panis in its Sale to Campbell Soup Company
CHICAGO, May 4, 2009 – Lincoln International, a global mid-market investment bank, today announced that Ecce Panis, Inc. (“Ecce Panis” or the “Company”) has been acquired by Campbell Soup Company (NYSE: CPB) (“Campbell”). The transaction was previously announced on April 2. Headquartered in East Brunswick, New Jersey, Ecce Panis provides premium, branded par-baked artisan breads sold primarily through the in-store bakeries of leading retailers and grocery chains across the country. Campbell plans to operate Ecce Panis as a distinct brand within its Pepperidge Farm portfolio. Lincoln International acted as the exclusive financial advisor to Ecce Panis. Terms of the transaction were not disclosed.
Angelo Fraggos, President and CEO of Ecce Panis, said “Lincoln was an invaluable resource for us throughout this process. Their integrity, knowledge and relationships in the food industry, and expert advice resulted in an outstanding outcome for the Company and its shareholders.”
About Ecce Panis
Founded in 1988 as a small Manhattan bakery, Ecce Panis manufactures premium par-baked artisan breads that are sold primarily through the in-store bakeries of leading retailers and grocery chains across the country. Utilizing a unique “Hand Crafted” and “Stone Baked” process, Ecce Panis delivers a superior and premium product line. The par-baked breads and rolls are shipped to customers frozen where the baking process is finished within their in-store bakeries. For more information on the company, visit Ecce Panis’ website at www.eccepanis.com.
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup, baked snacks, and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” and “V8.” For more information on the company, visit Campbell’s website at www.campbellsoup.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services, debt advisory services, UK pension advisory services and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright in China and ICICI Securities, Inc. in India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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