Baked in the Sun, Inc., a San Diego, California-based maker of fresh and frozen baked goods products, received a mezzanine debt investment from HCAP Partners, a California-based private equity firm.
The amount of the deal was not disclosed. Frank Mora, Partner, and Nicolas Lopez, Principal, led the transaction for HCAP Partners.
The company intends to use the funds to facilitate the acquisition of S&S Bakery and expansion into new markets.
Founded in 1997 by Rachel Shein, CEO, Baked in the Sun manufactures fresh and frozen baked goods products for coffee houses, supermarkets, big box retailers, food service, hotels, hospitals, and schools. The company operates out of a British Retail Consortium (BRC) food safety certified facility and distributes directly to customers throughout Southern California (San Diego to Los Angeles) and Las Vegas via irs own fleet of 18 delivery trucks and nationally throughout the United States via distributors.