03:49 PM EST - George Weston Limited : announced today that its subsidiary, Maplehurst Bakeries, LLC, has agreed to purchase the Keystone Bakery business, a U.S. manufacturer and supplier of frozen cupcakes, donuts and cookies to in-store bakeries and food service channels for $185 million U.S. Keystone Bakeries is comprised of three operating companies: Freed's Bakery of Manchester, NH, a leading supplier of frozen, fully finished iced cupcakes; Granny's Kitchens of Frankfort, N.Y., a leading supplier of pre-fried and thaw and sell donuts; and Heartland Baking of DuQuoin, IL, a specialty supplier of thaw-and-serve cookies. The transaction is subject to U.S. regulatory approval. George Weston Limited
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