Parallel49 Equity

Fund V Acquires Gold Standard Baking

Parallel49 Equity announces the acquisition of Gold Standard Baking (“GSB”).  Based in Chicago, IL, GSB is a leading full-service bakery specializing in fully-baked, thaw-and-serve croissants, danishes and other sweet baked goods, sold through multiple channels in the food industry.  Founded in 1987, GSB has grown from a gourmet neighborhood bakery into a world-class baked goods supplier with a high-volume, automated manufacturing facility.  The company’s products are considered best-in-class in multiple categories.  GSB is the third portfolio company investment of Parallel49 Equity (Fund V), LP.