The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of bakery company Panrico of Spain by private equity investment group Apax Europe.
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Panrico is primarily active in the production of packaged fresh bread, sandwiches and baked goods, as well as frozen bread and bakery products. The operation was examined under the simplified merger review procedure.
Founded in 1961, Panrico focuses on the value added branded pastries and sliced bread categories, where it operates under pre-eminent brands such as Donuts, Panrico, Bollycao and Donettes.
