La Lorraine Bakery Group officially launched a new soft bun production line at its headquarters in Ninove. The bakery site specializes in soft buns and rolls for retail and foodservice. With this investment, extra capacity was created at the facility, and new features were added into production, including bun slicing and sprinkling.
La Lorraine Bakery Group acquired 50% of Bakery de France’s business, a US-based company. The joint venture will supply the North American market.
La Lorraine Bakery Group (LLBG) achieved a revenue of EUR 1.17 billion EUR, which is a growth of 32% compared to 2021, including price increase effect. LLBG announced it updated its five-year growth plan, with a projected annual revenue growth of around 10%.
La Lorraine Bakery Group recorded a turnover of EUR 885 million and an EBITDA of EUR 112 million in 2021, with a net profit after tax of EUR 25 million, according to the company’s financial statement.
