CHICAGO -- Quaker Oats Co. here has acquired Arnie's Bagelicious Bagels, Brooklyn, N.Y., a privately held manufacturer of frozen New York-style bagels. Neither the price nor the terms of the purchase were disclosed.
sting in-store bakery businesses and strengthens our position in the growing bagel category," said Walter G. VanBenthuysen, president of Quaker's Convenience Foods division, in a statement late last month. Over the past year, the company has acquired two other businesses that market their products primarily to in-store bakeries. "A substantial portion, more than half, of Arnie's Bagelicious Bagels' sales volume is through in-store bakeries," a Quaker spokesman told SN.
The newly acquired company will become part of Quaker Oats' in-store bakery business unit, which was formed last year within Quaker's Food Service group. The Quaker Food Service group currently has sales in excess of $450 million. Quaker declined to reveal Arnie's annual sales figures.