Europastry announced it is acquiring US-based Highland Baking Company, a producer of premium bakery products for the foodservice industry. The Spanish company eyes strengthening its foothold on the North American market, as one of the most ‘strategically important’ for its business, according to its announcement. “By bringing together two highly complementary businesses, we are creating a stronger platform for sustainable growth, innovation and long-term value creation,” Europastry explains. The two companies are family-owned businesses.

Following the transaction, Europastry’s global revenue will exceed EUR 2 billion.

“We look forward to welcoming the Highland Baking team and beginning this exciting new chapter together,” Europastry anticipates.

Photo: Highland Baking Company