Balducci's Company Description
Balducci's has the right ingredients to attract hungry gourmands. The chain operates half a dozen upscale specialty food stores under the Balducci's name in Connecticut, Maryland, New York, and Virginia, The markets offer such fare as fresh pasta, Wagyu beef, and imported cheeses. It also stocks prepared meals and beer and wine. Louis "Pop" Balducci opened the first Balducci's in Brooklyn in 1915 and expanded to Greenwich Village in Manhattan in 1946. In 2009 the private equity firm Irving Place Capital (formerly Bear Stearns Merchant Banking) sold six Balducci's stores to an investor group led by James Demme, senior advisor to the New York City-based investment firm Angelo, Gordon & Co.
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The Company Description provides a historical perspective of Balducci's's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Balducci's's evolution in the marketplace.
