Croatian frozen bakery products manufacturer PAN-PEK is now part of the Inter Europol Group. Inter Europol, a Poland-based industry leader, acquired PAN-PEK from the portfolio of Enterprise Investors. Both sides agreed not to disclose the value of the transaction.

This is the Polish group’s first international acquisition. With it, Inter Europol Group strengthens its presence in the FMCG segment, as well as in the Balkans and Southern Europe. In recent years, Inter Europol has taken over the healthy food manufacturers Bezgluten and Primavika, as well as the Trimar bakery. 

PAN-PEK was founded in 1992 and has developed into one of the leading frozen bakery product manufacturers in the Adriatic region. The company supplies retail chains such as Lidl, Kaufland, Konzum, and Spar and operates its own retail network with over 70 locations. PAN-PEK employs nearly 800 people, generated sales of over EUR 50 million in 2024, and operates two production facilities, in Zagreb and Đakovo.

PAN-PEK’s product range includes bread, pastries, snacks, sandwiches, and regional specialties, which are sold in both the food retail and food service sectors. Enterprise Investors had been the majority shareholder of PAN-PEK since 2018 and acquired all shares in 2020. During this time, the company expanded its production capacity and began exporting to Italy and the US.

Inter Europol SA was founded in 1989. From a local bakery in Warsaw, the company has grown to become the leading supplier in the Polish bakery market, with over 1,500 employees. Inter Europol produces fresh-baked goods as well as frozen products, which are sold in the EU, Asia, and the Middle East.

“The acquisition of the PAN-PEK bakery represents another significant step in implementing our growth strategy. For several years, we have been consistently developing the Inter Europol Group, focused on the production of healthy food. As with our previous acquisitions of Bezgluten, Primavika and Trimar, our goal is to continue and further develop our business while maintaining the unique character of the acquired company and strengthening its market position,” Inter Europol shared in an announcement.

Photo: PAN-PEK