Family business John Dwyer Bakery has been acquired by Bridgwater Bros, owner of frozen food supplier The UK Foodhall.
Founded by John and Jacqueline Dwyer in 1986, the Rugby-based bakery produces, supplies and delivers one-off and batch baked goods to supermarkets, schools, universities and catering companies
The deal brings Bridgwater’s portfolio of companies to 12 and will enable it to focus on expanding Shrewsbury-based The UK Foodhall.
John Dwyer Bakery will continue to operate under its existing brand as a trading subsidiary of Bridgwater.
Financial advisors Benchmark International, which oversaw the deal, said The UK Foodhall would benefit from John Dwyer Bakery’s loyal customer base and growth through new products.
“I feel confident of the continuing success of John Dwyer Bakery as part of a larger group,” John Dwyer said. “The acquisition will strengthen our market position and we look forward to working with The UK Foodhall to take advantage of the growth opportunities available.”
Alex Forshaw, associate director at Benchmark International, added: “Bridgwater Bros is the ideal acquirer to allow John and Jackie to realise their personal objectives while ensuring the continued growth of the company.”
The sellers were advised by Benchmark International as lead adviser, and Freeman Fisher LLP as lawyer. The buyer was advised by Marshalls Solicitors.