Food Manufacturing Assignee to Auction Turnkey Fresh & Frozen Facility Assets
DSI Assignments LLC, acting as the Assignee for the Food Manufacturing Benefit of Creditors of Rustic Crust, Inc. (“Rustic Crust” or the “Assignor”), has announced the upcoming sale of a major food production asset located in Pittsfield, New Hampshire. The facility, representing a significant portion of Rustic Crust’s assets, is now available as a turnkey operation for acquisition by qualified buyers. This sale presents a rare opportunity to obtain a fully operational food manufacturing plant previously run by a prominent player in the U.S. wood-fired pizza industry.
Deadline for Qualified Bids: Thursday, May 22, 2025, at 3:00 p.m. ET
Interested parties must submit their qualified bids by no later than 3:00 p.m. (prevailing Eastern Time) on Thursday, May 22, 2025. The Assignee, Rustic Crust ABC—a Delaware Series Limited Liability Company—has already received a binding stalking horse offer and is now soliciting additional bids that meet or exceed the terms outlined in that agreement.
The bidding process is being managed under the terms of an Assignment for the Benefit of Creditors (commonly referred to as an “ABC”), a court-recognized insolvency process under which a financially distressed business transfers its assets to a third party (the Assignee) who then liquidates them for the benefit of creditors.
Background: Rustic Crust and the ABC Process
On August 28, 2024, Rustic Crust, Inc., together with its affiliated subsidiaries, formally executed the Assignment for the Benefit of Creditors, transferring its assets to the Assignee. The process was initiated as a strategic measure to maximize the value of Rustic Crust’s business operations and physical infrastructure while addressing its financial obligations.
The Assignee has since taken full control of the asset portfolio and has moved forward with soliciting offers for the brand-name production lines and related real estate assets—collectively known as the “Target Assets.” These are to be sold pursuant to the terms of the Stalking Horse Bid, which serves as a baseline offer in the auction process. Any competing bids must be submitted in accordance with these guidelines.
Key Sale Terms
The Target Assets will be sold “as is, where is,” with no warranties or representations. All offers must meet a minimum overbid requirement of $1,375,000. In order to be considered, bids must propose a cash purchase price and demonstrate that the prospective buyer is financially capable of completing the transaction.
The Assignee will only consider offers to purchase all or substantially all of the Target Assets. The selected bid must be at least as favorable as the Stalking Horse Bid in the business judgment of the Assignee. The process is structured to ensure fairness and transparency while maximizing value for creditors and stakeholders.
Overview of the Opportunity
This asset sale provides a unique opportunity to acquire a complete, operational food manufacturing facility. The site, formerly used by Rustic Crust for the production of its nationally distributed wood-fired pizzas, is ready for immediate occupancy and production. The turnkey nature of the offering means that a buyer could resume operations with minimal downtime or reconfiguration.
Located in Pittsfield, New Hampshire, the facility includes advanced food processing and packaging equipment, cold storage, administrative offices, and loading docks. It is ideally suited for companies operating in the consumer packaged goods (CPG) space, especially those focusing on fresh and frozen food products.
Facility Highlights
- Location: Pittsfield, New Hampshire, offering access to key regional and national distribution channels.
- Production Capabilities: Designed for both fresh and frozen food products, the facility has a demonstrated history of producing at scale.
- Equipment: Outfitted with industrial-grade ovens, dough preparation systems, packaging machinery, refrigeration units, and conveyor systems.
- Infrastructure: The plant includes warehousing, dry and cold storage, QA labs, and administrative spaces.
- Turnkey Operation: Ideal for businesses looking to expand production without the lead time and capital expenditure associated with constructing a new facility.
Market Appeal
This facility presents an exceptional acquisition opportunity for strategic buyers across several market verticals. Whether a buyer is in consumer retail, private-label manufacturing, food service, or specialty foods, the infrastructure supports high-volume output with room for scalability. The combination of specialized equipment, layout, and workflow optimization reflects its recent use as one of the premier wood-fired pizza production facilities in the country.
With consumer demand for frozen and ready-to-eat meals continuing to rise, the facility offers the potential for strong return on investment through either continued pizza production or adaptation for alternative product lines such as flatbreads, baked goods, meal kits, or plant-based foods.
Next Steps for Interested Parties
DSI Assignments LLC, serving as the exclusive sales agent, encourages all interested parties to review the offering materials and submit a qualified bid by the stated deadline. Due diligence materials and a formal bid package can be made available upon request, subject to the execution of a standard non-disclosure agreement (NDA).
To be eligible, prospective buyers must demonstrate:
- Financial capacity to complete the transaction.
- Operational experience in food manufacturing (preferred but not required).
- Willingness to comply with the “as is, where is” sale conditions.
- Commitment to the bid process timelines.
