Keystone Capital Launches New Bakery Platform
We are thrilled to begin our partnership with Keystone. We see tremendous opportunity to build on the strong foundation developed over the last several decades.
- Anthony Pariti, Co-Founder of Alway
Keystone Capital Management, L.P. (“Keystone”) is pleased to announce it has launched Tribute Baking Company (“Tribute” or the “Company”), a market leading producer of authentic New York style kettle-boiled, hearth-baked bagels and specialty cake products sold into the in-store bakery, club store, foodservice, and convenience store channels. Tribute was formed through the combination of three family-owned wholesale bakeries: Always Bagels (“Always”), Original Bagel (“Original”), and Hometown Foods (“Hometown”).
For the last 25+ years, Always, Original, and Hometown have led the wholesale bagel market in quality. Together, Tribute employs more than 300 people and operates out of a collective 190K square feet across four SQF Level II facilities in New York, New Jersey, Pennsylvania, and Miami. The Company sells its product in a par-baked and fully baked frozen format to some of the most notable retailers and foodservice distributors on the East Coast, nationally, and internationally. The combined footprint of Tribute provides the advantage to its customers of four dedicated facilities, creating a resilient supply chain in the bagel category.
