Italian pasta and bakery group Barilla is selling Kamps, its German bakery chain, to ECM Equity Capital, a Frankfurt-based private equity firm, for an undisclosed price. Kamps has 900 franchise shops in Germany selling bread and baked goods, supported by five bakery plants, and had sales of over Eur300m last year.
Kamps along with a business supplying bread to supermarkets and other retailers and a French bakery chain were acquired by Barilla for Eur1.8b in 2002. Subsequently renamed Lieken, the group had sales of about Eur1b last year. Barilla is retaining most of the Lieken business.