The European Competition Authority has approved a merger between the agro-industrial firm Soufflet Group and bakery firm Neuhauser.
Agreed on 27 May, the deal will see the Soufflet family acquire a majority share in Neuhauser which is an established player in the bakery, morning goods and confectionery industry, with eighteen manufacturing sites in France and Portugal.
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“The upcoming merger should allow the Neuhauser Group to benefit from the Soufflet Group’s support to consolidate its position and pursue its development,” a statement on Soufflet’s website read.
