European frozen bakery supplier Lantmännen Unibake has increased its share in Bakehouse, and now has a majority stake in the bake-off supplier.
It has increased its share from 25% to 63.25% for an undisclosed amount. With this purchase, it hopes to strengthen its position in the UK market, which is now its largest market.
It is the company’s second major investment in the UK bakery market in the last year, following its acquisition of Eurobuns in May 2008. This acquisition gave the firm the ability to start production in the UK for the first time.
Lantmännen CEO Bent Pultz Larsen said the agreement with Bakehouse comes as a natural extension of the Eurobuns acquisition.
Bakehouse, based in Surrey, will continue to operate independently, producing sweet pastry and Continental bakery goods.
Bakehouse managing director, Tony Brown, commented: “We look forward to working more closely with Lantmännen Unibake as it enables us to grow the Bakehouse business in accordance with our ambitious plans.”