MONTREAL – Table Talk Pies of Worcester, Massachusetts has officially completed the acquisition of the assets of Acton Vale-based Pâtisserie Gaudet, which was previously under the direction of trustee Raymond Chabot Grant Thornton after coming under the protection of the Creditor Agreements. Gaudet was at one time a major player in the Canadian cake and tart market, but has sadly fallen on hard times in recent years. With this transaction, which closed on December 22, Table Talk hopes to return the shuttered facility to its key position in the Canadian candy industry.
“We intend to reopen the Gaudet plant to return to making cakes for the Canadian market and will work closely with former employees, as well as local and provincial authorities, to try and get this plant back up and running as quickly as possible.” . said Harry Kokkinis, president of Table Talk Pies.
To that end, Table Talk hired the plant’s former general manager, Georges Berbari, to help lead the effort to reopen the plant. Management and production will remain in Quebec, according to Berbari, adding that he was speaking on behalf of the owners of Table Talk, whose three US plants, with 300 employees, already produce about 250 million pies and 25 million pies per year; products that are distributed in all 50 US states, Puerto Rico, Mexico and Canada.
“There is no doubt that operations from the Acton Vale plant will move to Table Talk Pies’ three US plants.said Berbari, who is excited about strengthening Pâtisserie Gaudet’s position in Quebec and Canada by creating strong synergy between the two companies. It was this potential synergy that drew Table Talk Pies to the Pâtisserie Gaudet plant in the first place. “We are excited at the prospect of uniting Gaudet’s tradition of excellence and Table Talk Pies’ longstanding commitment to quality.”, which according to the new buyer will be a winning combination. To capture this synergy, a new company, Table Talk Canada, was created, located in Acton Vale.
“With this new venture, we look forward to serving Canadian customers pastries and tarts from the Quebec plant and made to the same high-quality standards North American customers know and love.Kokkinis and Berbari concluded.
table talk I was deeply saddened at the time by the news of the closure of this company, even though it was a competitor, and was aware of the devastating impact the closure of a major regional employer would have on employees, their families, and the community at large. . That’s when we immediately started getting active, Table Talk Pies leaders continued, to see how we could help counter the unfortunate consequences of this situation. Table Talk worked closely with Raymond Chabot, the bankruptcy trustee, to reach an agreement that would help the creditors of this bankrupt company and would also be financially beneficial to Table Talk.
“We are confident that this will help this facility regain its stature in the Canadian baking industry.”, concluded the Table Talk executives.