Gatehouse Holdings LLC, Berwyn, says it bought and closed Amalfitano’s Bakery, New Castle, Del., and added its product lines to Gatehouse’s D’Ambrosio’s Bakery in Philadelphia’s Grays Ferry section. Terms not disclosed.
The deal brings D'Ambrosio's into Delaware and Maryland, said Gatehouse managing director Christopher D. Jansen, a former SunGard Data Systems executive who is now D’Ambrosio’s president.
D'Ambrosio had a tough opening in Delaware, according to the Wilmington News Journal. Story here. Jansen blames hot weather (bread is heat- and humidity-sensitive) and the usual merger dislocations.
Amalfitano's founder Louis Amalfitano died last year, and company owners and leaders including Amalfitano's son Joe faced record wheat prices and an expiring lease, Jansen said.
Amalfitano’s employed around 15. Head baker Joe Amalfitano and several bakers and drivers have been hired at D’Ambrosio’s, which plans to open warehouse depots to support the new routes.
- Bloomberg News
- Financial Times
- Washington Post Economy Watch
- Search SEC filings
- Seeking Alpha Free conference call transcripts
- Philadelphia Stock Exchange market data
- GF Data Resources LLC, Conshohocken
- Association for Corporate Growth, Philadelphia chapter
- Grubb & Ellis Metro Trends Reports
- Studley Research & Ideas
- Pennsylvania state budget, 2008-2009
- Philadephia city budget, fiscal year 2008
- New Jersey state budget, fiscal year 2008
- Pennsylvania State Employees Retirement System











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