Le Duff Group announced it acquired Panamar Bakery Group. With a EUR 600 million in turnover and 2,600 employees, the Spanish business represents the largest acquisition Le Duff Group has ever made.

A family-run business and leader in its sector (retail, hotel industry, catering and bakery), Panamar Bakery Group manufactures and distributes frozen bakery products, known for their high quality standards. It exports bread, its core business, Viennese pastries and patisserie, products to over 20 countries.

Philippe Morni, CEO, Bridor, and Isabel Martinez, President of the Panamar Bakery Group, shared in a joint statement: “We are embarking on this new chapter with confidence. The entrepreneurial spirit and family values that drive us form a common foundation that Le Duff Group and Bridor will continue to nurture. This merger is fully in line with Panamar Bakery Group’s ambitions for the future.”

 Louis Le Duff, Chairman and Founder of Le Duff Group and Bridor, also emphasizes: “Le Duff Group celebrates its 50th anniversary this year. It has grown steadily and strongly since its creation, largely due to three key factors:

• The stability of the teams because the only wealth is mankind;
• The quality and health of the products on the consumer’s plate for their well-being;
• Ongoing innovation, in both products and services.

By combining the strengths of the Panamar Bakery Group with BRIDOR, our expertise, and our teams, we are taking a decisive step towards continuing to build the world leader in the premium frozen bakery, Viennese pastries, and pâtisserie sector.

This new chapter is being written together!”

Le Duff Group is targeting EUR 3.5 billion in turnover across its various subsidiaries, including: Bridor (bakery), Gourming (ready meals); its Catering chains (Brioche Dorée, Del Arte, La Madeleine, and franchises) and Property distribution network.

Set for growth

Bridor is investing in the construction and development of existing factories, as well as in acquisitions. Bridor’s turnover has increased from EUR 750 million in 2021 to EUR 2.5 billion in 2026. This global investment plan should enable Bridor to double its turnover in 2031, the company anticipates.

Bridor supplies bread, Viennese pastries and frozen pastries to 90,000 restaurants, hotels (4, 5, 6 stars) and distribution professionals worldwide. The company collaborates with Chefs such as Pierre Hermé, La Maison Lenôtre and Les Meilleurs Ouvriers de France (Frédéric Lalos) to offer original creations inspired by bakery cultures of the world.

Photo: Panamar Bakery Group