Private equity firm Arbor Investments Management LLC, which focuses on the food and beverage sectors, invested an undisclosed sum in The Bakery Cos. out of Arbor Fund IV.
Cordia Harrington will remain CEO of the Nashville, Tenn.-based company, which makes fresh and frozen breads, baked goods and dough products for food service, food manufacturing and retail customers. Baking industry veterans Yianny Caparos and George Caparos will become president and chief development officer of the business, respectively.
Winston & Strawn was Arbor's legal counsel on the transaction. Bass Berry & Sims was legal adviser to The Bakery Cos.
