European bakery group Lantmännen Unibake has acquired Boboli Benelux, a Dutch producer of savoury baked goods.
Financial terms of the transaction were not disclosed.
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In a statement, Copenhagen-headquartered Lantmännen Unibake said the deal “will serve as a cornerstone” in its expansion in the savoury sector.
Carsten Thomsen, president of Lantmännen Unibake, added that the acquisition is a “strong step forward in expanding our portfolio and strengthening our position in the fast-growing European bake-off market”.
With Boboli Benelux, “we are not just adding capacity, we are shaping new opportunities for growth, partnerships, and long-term leadership in this category” he said.
Boboli Benelux specialises in Mediterranean-inspired flatbreads, including focaccias, pizzas and pizza crusts.
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By GlobalDataThe company has successfully established a market presence in the Benelux region, the UK and Germany.
With a workforce of approximately 200 employees, Boboli Benelux operates a bakery facility in Bunschoten, which will now become Lantmännen Unibake’s first bakery location in the Netherlands.
Bart Hulsman, the CEO of Boboli Benelux, said by joining Lantmännen Unibake the company will “gain a strategic partner that shares our commitment to professionalism, innovation and sustainability”.
Lantmännen Unibake is part of the Swedish agricultural cooperative Lantmännen.
Its products are sold in over 60 markets worldwide, and its portfolio includes brands such as Schulstad, Pastridor and Hatting. The group operates bakeries across various countries, with a workforce of around 6,000 employees.
The acquisition of Boboli Benelux is the latest in a series of strategic moves by Lantmännen and its subsidiaries in recent months.
In May, Lantmännen said its bakery division will invest approximately Skr700m ($73m) in a new bread production facility in Örebro, describing the capital infusion as a “strategic leap forward” to expand business and boost production capacity.
Earlier that month, Lantmännen acquired a 10% stake in Sproud, a local producer of plant-based milks made from split yellow peas.
Then in April, Lantmännen increased its stake in SimSuFoodS, a company specialising in dry vegetable products, to just over 50% and in February, its meat and charcuterie division, Scan Sverige, agreed to buy Lindvalls Chark, a Swedish meat company.
