Announced
Completed
Financials
Sources
Tags
industrial manufacturer
bread products
bakery
Food Products
Ireland
Acquisition
Cross Border
Majority
Private
Private Equity
Friendly
Single Bidder
Completed
Synopsis
3i Group-backed European Bakery Group, a pan-European bakery platform specialised in bake-off bread and snack products, completed the acquisition of Panelto Foods, an Irish bakery group specialised in bake-off artisan breads. Financial terms were not disclosed. “We are delighted to be joining European Bakery Group. Together, we will be able to reach new markets, capitalise further on the growth opportunities within the UK, Ireland and Europe and benefit from the size and scale of the combined platform," Brian O’Grady, Panelto Foods CEO.
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