Platinum Equity-backed Biscuit International, a manufacturer of private label biscuits, completed the acquisition of Continental Bakeries, a manufacturer of sweet biscuits, from Goldman Sachs Asset Management. Financial terms were not disclosed. “The proposed acquisition of Continental Bakeries is a game changer for Biscuit International. Continental Bakeries is a very well-established company in Europe and its addition to our Group will be transformational, leveraging on a strong strategic fit in terms of product and geographic complementarity. The transaction will be a considerable milestone in our pursuit to create the European leader of private label biscuits, for the benefit of our European customers and their consumers. We look forward to unlocking further synergies and market opportunities to reveal the full potential of this combination. I would also like to take this opportunity to thank Platinum Equity for their commitment and financial support throughout this transaction," Giampaolo Schiratti, Biscuit International CEO.