International bakery supplier Bridor has acquired sourdough specialist Pandriks for an undisclosed sum.
The ‘major’ deal will see Bridor, which is a subsidiary of Le Duff Group, continue its strong global growth and emphasise its owner’s commitment to accelerating its growth in the bakery sector, the firm said. It will also boost the group’s manufacturing capacity and product portfolio, particularly in the organic bakery market, and will strengthen the group’s foothold in North West Europe.
Under the deal, Pandriks will now fall under the Bridor umbrella, but with its brand and values being preserved.
Pandriks was founded in the Netherlands in 2012. It makes ‘artisanal inspired’ bakery products and organic bread for private label as part of in-store bakery bake-off ranges and also as part of its Slooow brand for consumers to finish baking at home.
The company operates two production facilities – one in Meppel in the Netherlands and another in Fulda, Germany – from which it supplies the main European retailer chains as well as UK customers. The business reported €150m in 2023 and 400 employees. In 2021 it outlined its desire to grow its presence in the UK bakery market with a goal of opening a production site here in the future.
Bakery manufacturer Bridor, meanwhile, has headquarters in the northwestern France region of Brittany, and develops and supplies premium breads and Viennese pastries from multiple production sites worldwide. As of 2023, it had 4,000 employees and a presence in 100 countries across the globe.
Bridor’s worldwide CEO Philippe Morin said the acquisition of Pandriks was consistent with its strategy, with similar strengths of ‘quality and innovation’.
“It gives us the opportunity to take a leading position on key markets such as the Netherlands and Germany,” Morin said. “This acquisition will also strengthen our teams with the highly experienced, qualified and motivated people from Pandriks joining Bridor.”
Pandriks CEO Peter van den Berg added that he was excited about the opportunities that lie ahead.
“Pandriks has grown significantly in recent years and wants to invest in further expansion to optimally serve our clients. With Le Duff Group as our new shareholder, we believe that it is possible to achieve our goals while preserving our unique identity, philosophy and strategy,” he said.
No comments yet