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Glenn Wayne Bakery — a family owned business that has been a cornerstone of Long Island’s baking industry for 30-plus years — has entered a new chapter of growth.
Fresh off the successful July 1 launch of its first retail venture Glenn’s Donuts, in Selden, the Bohemia bakery has been acquired by Tide Rock, a San Diego-based buyout firm specializing in economically resilient B2B businesses. Tide Rock announced its purchase on Tuesday, noting that Glenn Wayne is in ideal position to broaden its customer base and keep expanding.
“We are excited to add Glenn Wayne Bakery to the Tide Rock portfolio and help this successful company reach the next stage of growth,” said Brooks Kincaid, president of Tide Rock. “The bakery market has proven to be one of the most resilient categories within the food industry, and their newly obtained gluten-free certification opens several new markets.”
Founded in 1990, Glenn Wayne has long been known for its high-volume production of quality baked goods, including doughnuts, muffins and cookies. The bakery supplies its treats to a wide range of businesses across Long Island and the greater New York area, including such major chains as 7-Eleven.
Over the years, Glenn Wayne has grown from a modest 1,000 square-foot operation to a 40,000 square-foot manufacturing facility and a retail business in Independence Plaza in Selden.
“From our humble beginnings, we have always prioritized innovation and quality,” said Glenn Alessi, one of Glenn Wayne’s founders. “We look forward to working with Tide Rock to continue this legacy and achieve greater growth.”
Kincaid said he believes Glenn Wayne has immense potential for more growth.
With the bakery market expected to grow from $50 billion in 2022 to $55.6 billion by 2028, according to IBIS World, Glenn Wayne is poised to expand its reach both locally and nationally under Tide Rock’s ownership.
Top photo: Instagram
