A classic Philly roll bakery shuts down
A sale of D'Ambrosio Bakery in Grays Ferry apparently fell through.
A classic Philly roll bakery shuts down
Michael Klein, Philly.com
D'Ambrosio Bakery in Grays Ferry - one of the city's longtime roll bakeries - shut down today, apparently after a deal to sell the nearly 75-year-old company was scuttled, according to sources in the baking industry.
D'Ambrosio, which employed about 60 people, was sold by the founding family in 2005 to Gatehouse Ventures of Berwyn, a leveraged-buyout specialist that only a few years ago was building a portfolio of bread bakeries, including Amalfitano's in Delaware. In 2006, D'Ambrosio took over certain assets of Vilotti-Pisanelli Baking.
D'Ambrosio's corporate history traces its founding to 1939 when Vincent D'Ambrosio created a small bakery in the basement of his family home in South Philly. In 1977, it took over a former supermarket at 31st and Reed Streets.
I await a return call for comment.
Comments (49)
Don't worry folks. Wawa will be taking up the slack.
Read all about it in another section of today's rag.— Sportyrider71- Wawa carries Amoroso's rolls. You mean that Amoroso's will be taking up the slack. Yes, they will.
"...was sold by the founding family in 2005 to Gatehouse Ventures of Berwyn, a leveraged-buyout specialist".. or in other words, a worthless POS cash-grab operation specializing in the destruction of companies, the elimination of jobs and the movement of money out of this country to benefit a very few. Can't wait until the "leveraged buyout specialists" that just "bought" Acme plunge a stake into that company as well. Then we can read all about how their "efforts" to save it just weren't enough. Hahahahahaha.— CiceroSpuriousDeodatusTheSecond- Why dont you buy it? — tr88
- Was Romney in on this.— youwish
- huh? do you not know what political party has been running this once great city into the ground for 60 years? pay attention — 420Phillie
- Wawa Bread is the worst.— aguckin
- Another business killed off by a leveraged buyout. The 1% at work.— Tatt2
- This comment has been deleted. — moretea4me
- Are you off your meds again? — bernie franco
- What 1% are you talking about? The real 1%, Democrats, since they control the majority of wealth in this country or the 1% the media portrays as "rich white men". Look it up folks, the 10 wealthiest Americans are Bill Gates, Warren Buffet, and the Walton family. Besides being worth over $400.BILLION collectively - they're also Democrats. The union leadership, NOT the union members have been killing these companies and sending jobs over seas and blame corporate America. Locally, Acme was sold. The UFCW Local 1776 who represents a majority of the employees failed their members miserably - just like the bakers union did to all of those hard working FORMER employees of Hostess. The union leaders have been feathering their own nests with the blood, sweat and tears of their members. Here's something ironic, Wendell Young IV is the UFCW Local 1776's president who makes more than the president of the NATIONAL AFL-CIO president and the NATIONAL Teamster president. A small local union on Germantown Pike who represents a fraction of those larger unions pays their leader MORE! Hey soon to be FORMER ACME employees - the YOUNG family has screwed you just like the Baker's Union did to Hostess. Wendell makes over $350,000/year. Do you think he would take a pay cut to help his members? He salary has gone up 10% annually since his late father gave him the job. These #'s are all public data and you can verify it. Don't let that clown with the slicked back hair spin it like he always does. Ask yourself - why does he pick on Walmart so much when their president hasn't gotten a raise in 5 years, but Wendell gets rich every year? — roman7000
- This comment has been deleted. — moretea4me
- I couldn't agree more with your comments. I feel like the Union leaders get a free ride while the workers look like whiny babies. Union workers are foolish puppets who blame "management " and corporate greed because they can't get paid $60000/yr to stack bananas at a a local Acme. These workers, of all unions, blame the management of who signs their paychecks while they should be blaming the frauds cashing the checks they're writing in the form of union dues.
— roman7000 - What world are you living in? The Walton family are all Republicans who give heavily to GOP political action committees except for one person who gives to Obama.
www.forbes.com/sites/briansolomon/2012/10/23/wal-mart-heir-donates-to-obama-pac-defying-rest-of-billionaire-family/— Edward Stewart - Ed - that article is complete BUNK! Look at what the DNC reported on the donation list from 1980-current. The Waltons were the Clinton's LARGEST donors since he was first elected governor. Moreover, they have consistently been at the top of Dems donor list - including Obama. Ironically, the Dems are always called a "friend of labor" but knowingly accept donations from the company which every labor union attacts. Look it up my friend beyond what ONE family member is reported to have done in a bunk Forbes article. Beyond the individual family members, Walmart, as a company, has contributed over 11 figures to the DNC while some of the Walton family members have collectively not broken the 7 figure list to the RNC. All you have to do is follow the money trail - it all leads to the democrats. The wealth, tax policy, foriegn policy, and the banking regulations which created this real estate mess were made by Democrats. — roman7000
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Michael Klein, the editor/producer of philly.com/Food, writes about the local restaurant scene in his Inquirer column "Table Talk." Have a question? Email it! See his Inquirer work here.
Reach Michael at mklein@philly.com.
Michael Klein
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