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Lantmannen Unibake, the Swedish-based international bakery group, has reached an agreement to acquire Panificio San Francesco, an Italian industrial bakery firm specialising in frozen bread products.
Based in Castel Mella, Brescia, Panificio San Francesco operates a single production facility and employs approximately 120 people. The company specialises in the production of pre-baked and par-baked frozen bread, serving both the retail and food service sectors. According to Lantmannen Unibake, the move is intended to provide the group with a local production base to accelerate its growth within the Italian market.
Werner Devinck, CEO of Lantmannen Unibake, commented: “The acquisition of Panificio San Francesco is a significant step in our strategy to strengthen our position in the Italian market. It provides us with a local production base and a strong platform to further develop our frozen bakery business in the region”.
Source: Lantmannen Unibake
