Le Duff group-owned bakery company Bridor has acquired its Netherlands-based peer Pandriks.
France-based Bridor described Pandriks as a manufacturer of organic and “artisanal-inspired” bakery products. Financial terms were not disclosed.
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Pandriks, set up in 2012, makes organic bread sold under private label as part of retailers’ in-store bake-off ranges. It also sells bread under its Slooow brand.
The company has two production facilities: one in Meppel in the Netherlands and another in Fulda in Germany.
Pandriks, headquartered in Meppel, has 400 employees. It had an annual turnover of “over €150m” ($159.4m) in 2023, Bridor said in a statement.
Bridor added the deal would expand its production capacity and “bolster its product portfolio”, particularly in the organic bakery market.
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By GlobalDataPhilippe Morin, Bridor’s CEO, said: “The acquisition of Pandriks is consistent with Bridor’s strategy. It gives us the opportunity to take a leading position in key markets such as the Netherlands and Germany.”
Pandriks CEO Peter van den Berg said the company “has grown significantly in recent years and wants to invest in further expansion to optimally serve our clients”.
He added: “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.”
Le Duff generates an annual turnover of around €3bn. The company owns the vegetable and ready meal company Gourming, as well as bakery and restaurant chains in the US and Germany.
In January, Bridor joined forces with bakery business Equii to produce “higher protein and improved nutrition” products for the North American market.
Bridor said it would bake and supply the products to its range of out-of-home customers such as hotels, bars and airports, along with retail and in-store bakeries.
