Belgian biscuit and cake manufacturer Lotus Bakeries has announced the purchase of baby and toddler food business Kiddylicious for a price in the region of £42 million ($55 million). The sale price is described as being about twice Kiddylicious’ forecast sales for 2018. Based in southern England, Kiddylicious was set up in 2009 and last year posted £16 million in sales. The brand will join Bear snacks and Nakd snack …
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Lotus Bakeries
Biscuit and cakes manufacturer Lotus Bakeries has announced that it is looking to establish a factory in the USA in order to meet rising demand for its products in the country. Announcing the project in a press release, the Belgian firm said that it was considering Mebane, NC as the location for its new facility, with conversations already “in a well advanced stage”. Construction would start in the first half of 2017, with …
Bakery company Lotus Bakeries has acquired British snack maker Urban Fresh Food, the producer of the Bear brand, in a deal reported to be worth £70 million ($104 million). The deal marks the Belgian firm’s second acquisition of a British food firm in 2015, with the company having bought Natural Balance Foods in August. Bear, Urban Fresh Food’s flagship brand, offers a range of fruit snacks including in the baby …
Lotus Korea, a distribution company which imports Belgian Lotus caramelized biscuits and the US Hershey brand of chocolates, has been acquired by Lotus Bakeries Group. Through the agreement, Lotus Bakeries now owns 100% of the shares in Lotus Korea, valued at 22 billion won (US$20 million). Jan Boone, CEO of the group, said “Lotus Bakeries is already active for many years in Asia. The start of an own sales office …
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