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Bridor, a bakery company owned by Le Duff, has announced the acquisition of Pandriks, a company that produces organic and artisan-inspired bakery products.
Established in 2012 in the Netherlands, Pandriks is described as a manufacturer of raditional bakery products and organic bread under private label and through its own brand SlooOW. It operates production facilities in Meppel, Netherlands, and Fulda, Germany, supplying products both to European retail chains and customers overseas.
Commenting on the move, Bridor Worldwide CEO Philippe Morin said: “The acquisition of Pandriks is consistent with Bridor’s strategy. It gives us the opportunity to take a leading position on key markets such as the Netherlands and Germany. This acquisition will also strengthen our teams with the highly experienced, qualified and motivated people from Pandriks joining Bridor. Pandriks will bring to life the Bridor purpose: ‘Share the bakery cultures of the world’”.
Pandriks CEO Peter van den Berg added: “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”.
The acquisition will reportedly strengthen Bridor’s foothold in northwest Europe, increase production capacity, and expand its organic baked goods portfolio. Financial terms were not disclosed.
Source: Pandriks
