Belgian biscuit and cake manufacturer Lotus Bakeries has announced an expansion in Thailand, with a new manufacturing plant for the Biscoff brand. According to the company, the plant is intended to increase capacity in the Asia region, as well as improve response times to local trends and reduce transport costs. Thailand was chosen due to its central location in the region and the availability of raw materials and strong industry, …
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Lotus Bakeries
Lotus Bakeries announced the complete acquisition of UK based Peter’s Yard artisanal sourdough business. Peter’s Yard produces a wide range of healthy crackers, crispbreads and flatbreads, and sourdough bites. Lotus Bakeries is well-known for the natural snack category and brands like Lotus, Kiddylicious, BEAR snacks, among others. Lotus Bakeries has been an investor in Peter’s Yard since July 2019, when the firm acquired 20% of the business. Lotus Bakeries said …
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 …
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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