Bakers Journal

George Weston closes Keystone deal

September 27, 2010
By Bakers Journal

September 27, 2010, Toronto – George Weston has completed the purchase of Keystone Bakery Holdings for an estimated US$185 million.

Keystone supplies frozen baked goods to in-store bakeries and the foodservice industry. Three operating companies make up Keystone: Freed’s Bakery in Manchester, NH, Granny’s Kitchens in Frankfort, NY, and Heartland Baking in DuQuoin, IL. Respectively, the operating companies supply frozen thaw-and-sell iced cupcakes, donuts and cookies across the United States and Canada.

George Weston Limited is a Canadian public company founded in 1882. It has two reportable operating segments: Weston Foods and Loblaw, which is operated by Loblaw Companies Limited.

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