Bakery group Canada Bread Co. has snapped up UK-based “craft” bakery La Fornaia in a deal worth GBP18.8m (C$37.3m).

Canada Bread, which is majority owned by Canadian food group Maple Leaf Foods, said the acquisition “solidified” its position as a “speciality bakery” in the UK.

“La Fornaia has a long-standing excellent reputation for producing hand-crafted bread products, using traditional methods and the finest ingredients, supported by a highly skilled workforce and strong innovation capabilities,” said Richard Lan, President and CEO of Canada Bread.

Canada Bread’s current product portfolio includes Dempster’s and Olivieri in Canada and the New York Bagel brand in the UK.

La Fornaia generates annual sales of GBP23m and employs around 300 people at its bakery plant in London.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData