JIMMY'S GOURMET BAKERY acquired by RISE BAKING
Context
Rise Baking Company acquired Jimmy’s Gourmet Bakery, the New Jersey manufacturer of cookies and baked goods, completing the transaction on 3 August 2026 after signing a definitive agreement earlier in the year. The purchase added three plants covering more than 350,000 square feet to the Minneapolis-based company’s manufacturing network. It widened Rise Baking’s product range, particularly in cookies, and extended its reach in the north-east of the United States, where Jimmy’s had built retail relationships over four decades. Both companies make frozen baked goods sold through supermarket bakery sections and foodservice operators, under their own brands and under their customers’ labels. Jimmy’s was to operate independently while the two companies worked out how to integrate, and its employees joined Rise Baking Company. Howard Hirsch remained chief executive of Jimmy’s, with Michael Pisani as president. The purchase continued a series of acquisitions through which Rise Baking had assembled its portfolio of bakery brands.
JIMMY'S GOURMET BAKERY, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.0x).
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Target
Founded in 1985 and headquartered in New Jersey, Jimmy’s Gourmet Bakery manufactures frozen baked goods that its customers thaw and sell without further baking. Its range covers cookies and artisan breads, sold under its own brands and produced under its customers’ labels, alongside seasonal and limited-run products developed to order. It bakes and freezes everything at its own plants, and its customers are retail chains, which sell the products in their bakery sections, and foodservice operators.
Ent. Value
$1–100M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (USD)
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REFERENCES
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: jimmy's gourmet bakery
Acquirer: rise baking