Canada Bread Company has acquired the UK-based bakery Harvestime for an undisclosed amount.
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Harvestime, located in Walsall, produces par-baked breads, rolls and specialty bakery products, with sales of approximately GBP19m (US$33.2m).
Canada Bread president and CEO Richard Lan said: “The UK and European specialty bakery market is a high growth opportunity for Canada Bread.
“The acquisition of the Walsall bakery immediately provides us with a stronger presence in the retail bakery market and broadens our base in bagel manufacturing to other specialty par-baked products. We welcome the employees of Harvestime to Canada Bread and look forward to expanding the exceptional products and service we deliver to our customers.”
Canada Bread, which is 87.5% owned by Maple Leaf Foods, is Canada’s leading manufacturer and distributor of flour-based products including fresh, frozen and par-baked bread, rolls and bagels, sweet goods and specialty pastas and sauces.
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