(RTTNews) – Real Good Food Plc., a diversified food business, Wednesday announced that its unit Haydens Bakery Ltd acquired Chantilly Patisserie for a total consideration of 1.75 million pounds. Chantilly Patisserie will be run as a trading division of Haydens.
The cash consideration will be satisfied from existing cash resources.
Paignton, Devon -based Chantilly Patisserie employs some 40 staff, and produces high quality, hand-made frozen desserts. For the 9 months ending December 2015, the business had turnover of 2.2 million pounds and EBITDA of 0.4 million pounds and was debt free.
Pieter Totté, Executive Chairman said, “We will continue to identify and complete bolt-on acquisitions as we seek to reach greater scale within our three pillar markets of cake decoration, food ingredients and in this case premium bakery.”
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
