Spain: Bridor acquires Panamar

Bridor, the French bakery specialist and a subsidiary of the Le Duff Group, has announced the acquisition of Panamar, the Spanish frozen bakery producer.

The deal is reported to be the largest acquisition ever for the Le Duff Group. According to company sources, the transaction allows Bridor to take control of a major player in the Spanish market. Panamar operates six production sites across Spain and employs more than 2,200 people. Its brand portfolio includes names such as Panamar, Cobepan and Pacfren.

The move marks further European expansion for Bridor, which also acquired the Netherlands-based bakery Pandriks in 2024. Bridor stated that the integration of Panamar would strengthen its position in the “premium bakery and viennese pastry” sector on a global scale.

Commenting on the move, Bridor CEO Philippe Morin said: “The acquisition of the Panamar Bakery Group, a company renowned for its tradition and innovation, is perfectly in line with Bridor’s strategy. It will enable us to strengthen our leadership in the Spanish market”.

The transaction remains subject to approval by the relevant competition authorities.

Source: Bridor (via PR Newswire) / FoodBev / Food Ingredients First / Just Food