2008-07-21 22:36:10 -

www.gatehouseventures.com - Gatehouse Holdings, LLC announced today that it has acquired Amalfitano's Italian Bakery of New Castle, Delaware. The acquisition will combine the bread-baking excellence of Amalfitano's with a second long-standing baking establishment, D'Ambrosio Bakery of Philadelphia, under one umbrella organization. The acquisition will join two baking institutions, steeped in family tradition, and will expand the geographic reach of both

from the Philadelphia metro region to the Delaware and eastern Maryland areas.

According to Chris Jansen, President of D'Ambrosio Bakery, "This effort brings together two powerhouse family bakeries, both with reputations for baking excellence. As an answer to rising production costs, this acquisition achieves economies of scale, allowing both establishments to continue to serve their loyal customers in their respective areas." Joe Amalfitano will oversee the production efforts that combine D'Ambrosio's innovative baking technology with the time-honored Amalfitano recipes. As an added benefit, D'Ambrosio will implement a new distribution infrastructure that will continue to provide seamless customer service and timely delivery via a new "bakery depot" initiative.

As a next step in the strategic expansion of both bakeries, the management team of Total Bakery Source, the distribution arm of D'Ambrosio Bakery, will establish "bakery depots." These depots will serve as central staging and warehousing facilities that will exist in the Philadelphia metro and Delaware regions. "This physical presence in Delaware will serve as a convenience to our existing independent distributors as well as future new distributors," says Jansen. "Local distributors will have quicker access to the baked goods they deliver daily. This means a timely and more efficient delivery to our existing and future customers in the Delaware/eastern Maryland area."

To learn more about D'Ambrosio Bakery, visit www.diambrosiobakery.com.

About D'Ambrosio Bakery, LLC

Since 1939, D'Ambrosio Bakery, LLC has been a leading producer of specialty Italian-style breads and rolls in the Philadelphia market. The Company markets and distributes its products throughout the greater Philadelphia area, primarily through its dedicated network of independently operated route sales associates.

To learn more about Gatehouse Ventures, LP, visit www.gatehouseventures.com. To learn more about Gatehouse Holdings, LLC, visit www.gatehouseventures.com/holdings.

About Gatehouse Ventures

Gatehouse Ventures, LP, is the management arm of Gatehouse Holdings, LLC, a holding company that acquires and operates companies valued from $5-$30M. Our mission is to combine 75+ years of financial and managerial expertise with the existing management teams of our partner companies. For more information on Gatehouse Ventures please visit: www.gatehouseventures.com.

Gatehouse Ventures
Tasha R. Wiehe
Creative Director
610-560-4700 x121
twiehe@gatehouseventures.com