MINNEAPOLIS — Rise Baking Co. is shutting down a baking plant in Mexico, Mo., according to The Mexico Ledger.
According to the newspaper, the facility is expected to close by Sept. 30 and will affect about 100 employees.
Rise Baking is a provider of cookies, cakes, brownies, muffins, dessert bars, artisan bread and flatbreads in North America to in-store bakeries as well as foodservice providers. The company acquired the Mexico plant as part of its 2020 acquisition of the North American frozen manufacturing business of Dawn Foods.
At the time of Rise’s acquisition of Dawn Foods, Mike Schultz, chief executive officer of Rise, said, “The Dawn frozen bakery division is a perfect fit for Rise as we look to bring additional products and innovation to the marketplace. We look forward to welcoming our new teammates to Rise Baking.”
In addition to the plant in Missouri, Rise acquired Dawn’s facilities in York, Pa.; Atlanta; and Manteno, Ill.
Rise Baking is part of private equity firm Olympus Partners. Olympus acquired Rise from Arbor Investments, another private equity company, in 2018.