TowerBrook Capital Partners L.P. (“TowerBrook”), an international investment management firm, today announced the sale of Wilton Brands, a baking, cake decorating and candy making brand, to Dr. August Oetker KG (“Dr. Oetker”).
Additionally, are Wilton products made in China?
So, Wilton has cleverly set up these “classes” all over the country at Michael’s stores. They are easy to sign up for, and they all have the same pretty high stuff requirement. It must make them a ton of money, and you will never guess where absolutely all of their baking and decorating equipment is made. China!
Also know, is Michaels discontinuing Wilton products?
You may know that Michaels have stopped selling Wilton fondant and are now carrying a brand called Cake Craft.
Is Wilton a Canadian company?
Company Description: Wilton Industries Canada Company is located in Newmarket, ON, Canada and is part of the Furniture and Home Furnishing Merchant Wholesalers Industry. Wilton Industries Canada Company has 40 total employees across all of its locations and generates $20.35 million in sales (USD).
Is Wilton an American company?
German food group Dr Oetker has acquired US-based cake decorating and baking brand Wilton for an undisclosed sum. Acquired by TowerBrook in 2009, Wilton Brands manufacturers and distributes ingredients, bakeware, and decorating equipment for consumers in the US market.
What happened to the Wilton company?
Wilton and its employees will remain headquartered in Naperville, Illinois and will be run as a division within the broad portfolio of companies owned by Dr. Oetker. Buchta will remain in her role as CEO.
What is Wilton known for?
Wilton has a rich history of teaching Americans how to create amazing desserts. 1920’s & 1930’s: Dewey McKinley Wilton founded the Wilton School of Cake Decorating, traveling across the country to teach chefs, caterers and bakers new confectionery and decorating techniques.