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November 29, 2016

Australian baker Temptation Bakeries sold to Bakers Investment Group

Australian baker Temptation Bakeries has been sold to private-equity firm Bakers Investment Group for an undisclosed sum.

Australian baker Temptation Bakeries has been sold to private-equity firm Bakers Investment Group for an undisclosed sum.

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VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
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Angus Ratcliff, the general manager of the Melbourne-based sweet and savoury baked products maker, confirmed the sale of the company to just-food today (29 November).

However, Ratcliff declined to give details about the transaction until a formal statement is released later this week.

The sale of Temptation Bakeries reportedly followed a formal auction process that was conducted over the past few months. 

Temptation Bakeries, which has been owned by the Ratcliff family for more than 20 years, produces baked products including finger foods, pies, quiches and pastries.

The company’s products are sold through supermarkets, cafes and on domestic flights of Australian airline Qantas Airways. Outlets supplied by Temptation Bakeries in Australia include Woolworths Ltd, which carries a selection of the bakery firm’s products such as Petite Quiches and Vol Au Vents in its freezer aisles.

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Free Report
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VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

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