TM Capital served as a financial advisor to Tate's in this transaction valued at approximately $500 million. The company, best known for its Southampton Bake Shop, will also continue to operate its 40,000 square foot facility in East Moriches, New York. TATES BAKE SHOP (License# 478142) is a retail food store licensed with New York State, Department of Agriculture and Markets, Division of Food Safety & Inspection. high quality baked goods, Tate’s Bake Shop is expanding its wholesale division to 220 Roger’s Way. Learn more. Founded in 2000 on Long Island, N.Y., Tate’s has cultivated a devoted consumer following across the country. The deal would be the first one completed under Chief Executive Dirk Van de Put, who joined the company in November. DEERFIELD, Ill., May 06, 2018 (GLOBE NEWSWIRE) -- Mondelēz International today announced an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate’s Bake Shop for approximately $500 million. Mondelez has agreed to buy Tate’s Bake Shop for around $500 million. “We’re thrilled and humbled to be joining a portfolio of some of the world’s most well-known and successful snacking brands,” she said. Tate’s Bake Shop is recalling two cookie products because of possible undeclared walnut allergen. TM Capital Corp. is pleased to announce that Tate's Bake Shop - one of the fastest growing cookie brands in the U.S. and a portfolio company of The Riverside Company - has been acquired by global snack and beverage giant, Mondelz International (NASDAQ: MDLZ). EAST HANOVER, N.J. — Nancy Pak has been named chief executive officer of Tate’s Bake Shop, a manufacturer of thin, crispy cookies and other baked foods and a subsidiary of Mondelez International, Inc. Ms. Pak most recently was vice-president and general manager of Tom’s of Maine and earlier spent 19 years at Colgate-Palmolive in a variety of marketing positions. Tate’s is the third tenant at 220 Roger’s Way. Riverside to sell Tate’s Bake Shop to Mondelēz International for about $500 mln The Riverside Company has agreed to sell Southampton, New York-based Tate’s Bake Shop, a premium cookie and baked goods provider, to Mondelēz International Inc for about $500 million. Founder Kathleen King began selling small batches of cookies at her family’s farmstead when she was 11 years old and still “perfects every recipe herself,” according to the company, which operates a specialty bake shop in Southampton, New York. "It's on fire. Reviews from TATE'S BAKE SHOP employees about TATE'S BAKE SHOP culture, salaries, benefits, work-life balance, management, job security, and more. Tatte Bakery & Cafe's coffee, food, & desserts owe their exceptional flavor to carefully sourced ingredients and a passionate team of people. Mondelez ( MDLZ ) , the owner of Oreo, Chips Ahoy and Ritz Crackers, plans to buy Tate's Bake Shop … 1 chocolate chip cookie, recently sold to Mondolēz International for $500 million. By continuing to navigate on this website or clicking on the close button you accept our policy regarding the usage of cookies. Mondelez International today (May 7) announced an agreement with private equity firm The Riverside Co. and other shareholders, including founder Kathleen King, to acquire premium cookie maker Tate’s Bake Shop for approximately $500 million. The top 10 competitors in Tate's Bake Shop's competitive set are Brownie Brittle, Pacific Cookie, Tiff’s Treats Holdings, Inc., Jake's Bakes, Cafe Grumpy, Fika Nyc, Gluten Free Please, Pamela's Products, Mrs. Thinsters, Sanders Candy, HannahMax Baking, Firefly Cupcakes, Baking Betty's, Cheryl’s Cookies and Carolina Cookie Gourmet Gifts & Gift Baskets. The relationships you create and strengthen with a solid customer appreciation program are critical in today’s competitive environment. Our bars are great for on-the-go parents, kids or the whole family. Tate's Bake Shop is owned by international private equity firm The Riverside Company and other shareholders, including founder Kathleen King. Tates Bake Shop. Kathleen King was pushed out of the first bakery she founded and ran for two decades. The address is 43 N Sea Rd, Southampton, NY 11968. Tate’s Bake Shop CEO Maura Mottolese added: “We’re thrilled and humbled to be joining a portfolio of some of the world’s most well-known and successful snacking brands. Mondelez acquired Tate's Bake Shop last year and the brand has been so successful that it's often out of stock at the stores that carry it, said CEO Dirk Van de Put. Salaries posted anonymously by Tate's Bake Shop employees. Tate's Bake Shop provides gourmet homemade baked goods and health food items such as cookies, pies, cakes, bars, muffins, tea loaves, brownies, and more. Oreo owner buys Tate's Bake Shop Oreo has a sweet tooth for Tate's cookies. The current CEO is Maura Mottolese. Mondelez International based in Deerfield today said it is buying Tate's Bake Shop for about $500 million.. In September 2014, AC Lighting & Electric signed Mondelez International, the Deerfield-based global snack company known for brands like Oreo cookies and Ritz crackers, announced plans Sunday to buy Tate's Bake Shop for $500 million. TM Capital Corp. is pleased to announce that Tate's Bake Shop - one of the fastest growing cookie brands in the U.S. and a portfolio company of The Riverside Company - has been acquired by global snack and beverage giant, Mondelz International (NASDAQ: MDLZ). Founded in 2000 in Long Island, New York, Tate’s has grown a strong consumer following in the US and its sales have quadrupled in the past five years. TM Capital served as a financial advisor to Tate's in this transaction valued at approximately $500 million. -Kathleen King, CEO, Founder, Tate’s Bake Shop About TM Capital Celebrating our 25th Anniversary in 2014, TM Capital Corp. is a partner-owned investment banking firm based in New York, Boston and Atlanta, which has completed over 250 transactions with a combined value in excess of $16 billion. Tate's Bake Shop | 1,323 followers on LinkedIn | Voted the Best Bakery in the Hamptons for many years, Tate's Bake Shop is a destination for locals and tourists alike. DEERFIELD, Ill., June 07, 2018 (GLOBE NEWSWIRE) -- Mondelēz International today announced it has completed its previously announced acquisition of Tate’s Bake Shop, a fast-growing, premium cookie and baked goods brand known for its authentic, high-quality ingredients. 631-780-6511. As well as cookies, the brand sells pies, cake, brownies and a gluten-free line. Mondelēz International announced Sunday it will acquire Tate's Bake Shop, a brand best known for its premium bagged chocolate chip cookies, for around $500 million, according to … At Taos Bakes, each of our snacks has a unique taste, texture, and experience. People Moves: Nancy Pak Named Tate’s Bake Shop CEO by Erin Cabrey , Feb 05, 2020 at 6:00 PM Mondelēz International announced last week the appointment of Nancy Pak as CEO of premium cookie brand Tate’s Bake Shop. Riverside boosted the Tate’s management team with a new CEO and CFO, followed by new leaders in Sales, Marketing, Operations, Plant Management and other key positions. Tate’s Bake Shop was founded in 2000 and is based in Southampton, New York, United States. We create healthy, gluten-free snacks made from non-GMO and organic ingredients. Tate's Bake Shop, home to America's No. Made with love in New Mexico. Tate’s Bake Shop, in Southampton, N.Y, is known for its award-winning cookies, but the story of its owner, Kathleen King, proves to be worth the trip, too. Riverside invested in the company in 2014. A free inside look at Tate's Bake Shop salary trends based on 6 salaries wages for 5 jobs at Tate's Bake Shop. The move comes as Mondelēz saw … Jones Day and Deloitte advised Riverside on the transaction. «The Tate’s Bake Shop acquisition represents the type of bolt-on transaction that will leverage our strengths and drive growth and value for our shareholders,» said Dirk Van de Put, Chairman and Chief Executive Officer. So she started Tate's Bake Shop, a direct competitor, and now distributes in all 50 states. Maura Mottolese, CEO of Tate’s Bake Shop, said the acquisition will allow Tate’s to expand its North American audience. 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