Lantmännen Unibake has completed the takeover of the UK’s leading supplier of sweet and savoury pastries and specialty breads, Bakehouse, by acquiring the remaining shares in the company.
The international bakery group said in a statement that to further consolidate its position in the UK market, it is set to make a major investment in new UK production capacity.
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In May 2009, Lantmännen Unibake became the majority shareholder in Bakehouse. The acquisition made the UK the company’s biggest market.
The acquisition will be completed by July 2010.
“When we purchased the majority holding in Bakehouse last May, the vision was to expand the ownership to 100% as a natural next step. Our companies are a perfect match, and the potential looks immensely promising. Bakehouse is an absolute world class expert in in-store bakeries and tailored solutions for the retail and food service business. We now have the ideal set-up for providing our customers with the best service in the market meaning the world’s largest assortment combined with sales and marketing concepts,” said Lantmännen Unibake CEO, Bent Pultz Larsen.
The company said that the next natural next step in its growth strategy is to set up new production capacity in the UK.
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By GlobalData“The UK is our biggest market, and the new bakery gives us a strong position with a complete production set-up. It will bring us even closer to our UK customers and put us in the best possible position to meet the growing demand we are experiencing in the UK,” said Larsen.
When complete, the new bakery will house three production lines. The exact location of the bakery is yet to be decided, but it is expected to be ready for operation by mid 2011.
