French chilled dough business Cérélia has acquired Dutch firm, Bioderij, which it describes as "the European leader in ready-to-eat crêpes and pancakes", for an undisclosed amount.
Cérélia said the merger with Bioderij would "create a pan-European group offering an enlarged product range" adding that both's customer portfolios and geographical coverage were "complementary".
Go deeper with GlobalData
Bioderij produces crêpes, pancakes and mini-pancakes for private labels, as well as under its own brand, Jan. Following the acquisition of Belgian firm Creâpan in 2011, Bioderij developed its product range in the refrigerated segment and accelerated its international expansion.
"Cérélia and Bioderij are leading players in their respective markets……and we are convinced that the newly-formed group will benefit from commercial and operational synergies," said Cérélia's president, Guillaume Réveilhac.
"The merger between Bioderij and Cérélia is the first stage in a diversification plan for the group in related segments," underlined Rémi Buttiaux, associate at IK Investment Partners, which acquired Cérélia earlier this year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
