57th Street General Acquisition Corp., Owner of Crumbs Holdings, LLC, Strengthens Its Contract Manufacturers’ Supply Chain ...
August 11 2011 - 4:02PM
Business Wire
57th Street General Acquisition Corp. (the “Company”) (NASDAQ:
CRMB), owner of Crumbs Holdings, LLC (“Crumbs”), a national
neighborhood bakery and the largest U.S.-based retailer of
cupcakes, today announced a partnership with Dawn Food Products,
Inc. to be its exclusive consolidated supplier of raw materials for
its contract bakery manufacturers throughout the country.
Dawn Food Products, Inc., a company with over 90 years of
experience and knowledge in the industry, is a full-service bakery
supplier known for providing the highest quality bakery products.
Dawn’s expansive distribution network, which consists of 26 company
owned facilities across North America as well as internationally,
will greatly improve Crumbs supply chain logistics in virtually
every market.
Jason Bauer, Co-Founder of Crumbs and CEO and President of the
Company stated, “Partnering with Dawn Foods is a natural fit for
our business model. It gives our contract manufacturers the
supplier consistency we need to support our aggressive growth plan
and affords us greater control over cost of goods sold through the
increased transparency of the price of goods entering our bakery
partners. In addition, this relationship will result in improved
product quality through tighter inventory control while providing a
sound foundation for our supply chain by ensuring a reliable stream
of required ingredients.”
Mr. Bauer concluded, “We look forward to a long, valuable
relationship with Dawn Foods, a company that shares our passion and
dedication to providing excellent quality baked goods that add to
the joy of life’s celebrations.”
About the Company and Crumbs Holdings LLC
The Company was formed in Delaware in October 2009 and acquired
its interest in its subsidiary, Crumbs Holdings LLC, in May 2011.
The first Crumbs bake shop opened its doors in March 2003 on the
Upper West Side of Manhattan by co-founders Mia & Jason Bauer.
The design of Crumbs Bake Shops is inspired by old-time
neighborhood bakeries, creating a warm and friendly environment
with wall-to-wall treats. Recently ranked the largest retailer of
cupcakes nationwide and one of Inc. Magazine’s 10 Breakout
Companies of 2010, Crumbs currently has 35 locations, including 25
locations in the New York Metro area, six locations on the West
Coast, two locations in Washington, D.C., one location in Virginia
and one location in Chicago. The specialty of the house is
cupcakes; however, the menu also includes an irresistible blend of
comfort-oriented classics and elegant baked goods. There are more
than 60 varieties of cupcakes baked fresh daily with a new cupcake
of the week debuting each Monday.
About Dawn Food Products, Inc.
For more than 90 years, Dawn’s dedicated Team Members,
outstanding products, and valued customers have made the Dawn name
synonymous with excellence. Dawn is a United States based; family
owned and operated global enterprise. Dawn currently supplies a
complete line of quality, consistent mixes, bases, icings, glazes,
fillings, frozen dough, par-baked and fully baked products and
equipment to the food industry, worldwide. Dawn and its expansive
global distribution network in the U.S. enable us to better serve
our customers by leveraging our international service and support
capabilities.
Crumbs Bake Shop (CE) (USOTC:CRMBQ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Crumbs Bake Shop (CE) (USOTC:CRMBQ)
Historical Stock Chart
From Sep 2023 to Sep 2024