Ferrero Group acquired Fresystem, the Italian company that specializes in frozen bakery goods and is behind the Cupiello brand, for an undisclosed amount. The transaction is expected to close in the upcoming months.
company acquisition 2023
Gruppo Morato bought Harry’s Restauration from Barilla, expanding its presence on the French market. Harry’s Restauration is running a plant that produces hamburger buns in Gauchy, northern France.
Finsbury Food Group bought confectionery maker Lees Foods Ltd. for GBP 5.7 million. Lees Foods was founded in 1931 and employs over 200 people at its site in North Lanarkshire.
Grupo Bimbo acquired Vel Pitar, a leading Romanian bakery manufacturing bread, sponge cake, and sweet and savory specialty products. The national financial newspaper Ziarul Financiar estimates the value of the transaction is around EUR 200 m.
Private equity firm Swander Pace Capital completed the sale of Backerhaus Veit, Ltd. to PNC Riverarch Capital.