Canada-based bakery group Weston Foods has snapped up local cake maker Starr Culinary Delights.
George Weston Ltd, Weston Foods' parent company, announced the deal for the Ontario-based firm today (6 March). Financial details were undisclosed.
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Kevin McDonough, president of Weston's frozen and biscuit divisions, said: "This strategic acquisition will complement our growing cake and sweet goods business with high quality, innovative and unique products and capabilities."
Starr Culinary Delights supplies a range of cakes and desserts to retail and foodservice customers in North America, George Weston Ltd said.
Yesterday, the company said it expects adjusted operating profit from its Weston Foods bakery arm to fall faster than it did in 2014 on the back of investment in the business.
George Weston Ltd said it is lining up capital investments of around C$300m in "targeted areas of growth" and "incremental investments in innovation and capabilities".
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