October 17, 2006

Otis Spunkmeyer Sold to Irish Food Company

In a press release dated October 16, 2006, IAWS Group Plc, an Irish food company, announced that it had purchased Otis Spunkmeyer from Code Hennessy & Simmons LLC for an estimated $365 million.

The IAWS Group web site also has a PowerPoint presentation summarizing details of the purchase.

On June 20, 2006, Otis Spunkmeyer had filed papers for an initial public offering to raise up to $230 million.

According to its web site, Otis Spunkmeyer sells "frozen gourmet cookie dough, ready-baked muffins, and a variety of other premium bakery products..." Otis Spunkmeyer made news in 2005 by becoming one of the first US cookie makers to eliminate trans fats from its frozen cookie dough.

Otis Spunkmeyer's corporate headquarters is located at 14490 Catalina Street, San Leandro, California.

Posted by Mike Katz-Lacabe at October 17, 2006 11:45 PM | TrackBack
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