Dianne’s Fine Desserts
Newburyport, MA
www.diannesfinedesserts.com

Investment Date: June 2016
Exit Date/Status: October 2022

Dianne’s is a leading provider of premium frozen thaw-and-serve desserts to the foodservice industry, highly regarded national restaurant chains, and the in-store bakeries of national grocery chains. Founded over 40 years ago, Dianne’s product line includes cheesecakes, layer cakes, pies and tarts, brownies/bars and individual minis and specialty desserts. Dianne’s has three GFSI-certified manufacturing facilities and an industry-leading infrastructure with a focus on innovation, quality, and service. The Company offers hundreds of indulgent desserts that anticipate consumer demand and support customer initiatives and goals.

Prior to investing in Dianne’s, GGC had a longstanding relationship with the company’s CEO Mike Knowles (who was an Operating Partner with GGC before joining Dianne’s) and President Dan Scales. The Dianne’s management team continued to own a significant equity interest in the company during GGC’s hold period.

Dianne’s was sold to Dessert Holdings in October 2022.