FDBusiness.com

Lantmannen Unibake Continues International Expansion With Hungarian Acquisition

 Breaking News
  • Orkla Moves into New HQ Orkla, the Nordic region’s largest branded consumer goods company, has moved into new headquarters in Oslo, Norway. The move marks a new era in the company’s history, with Orkla’s businesses in Norway now assembled under one roof. More than 900 Orkla employees are based in the new office premises. “The building we are now moving into is [...]...
  • New Heads For Carlsberg Group’s European Businesses Lars Lehmann has been appointed as Executive Vice President (EVP) for Carlsberg Group’s Eastern European region and as a member of the global brewer’s Executive Committee (ExCom). He will replace Jacek Pastuszka, who will change from EVP Eastern Europe to Western Europe, while current Western Europe EVP Chris Warmoth reverts to Group Strategy as EVP. Effective [...]...
  • Rising Prices Drive Irish Grocery Sales Growth The latest figures from Kantar Worldpanel show the Irish grocery market grew by 3.5% in the 12 weeks to 24 February 2019, putting the sector on a solid footing as the UK finalises preparations to leave the EU. After a prolonged period of deflation, an upward trajectory in grocery prices is making a significant contribution [...]...
  • New EU Rules to Ensure Fairness in the Food Supply Chain The European Parliament has approved a new set of EU rules that will blacklist practices, such as late payments for delivered products, late unilateral cancellations or retroactive order changes, refusal by the buyer to sign a written contract with a supplier and the misuse of confidential information. Threats of retaliation against suppliers, for instance delisting [...]...
  • Mondelēz International Invests in Prebiotic Functional Snacks Mondelēz International has taken a minority investment in Uplift Food, a US-based early-stage start-up focusing on prebiotic functional foods. This is the first venture investment the company is making as part of SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. A key pillar of the company’s consumer-centric growth [...]...

Lantmannen Unibake Continues International Expansion With Hungarian Acquisition

Lantmannen Unibake Continues International Expansion With Hungarian Acquisition
June 25
13:16 2010

In line with its international expansion strategy, Lantmannen Unibake, , which is one of Europe’s leading frozen bakery products suppliers, is acquiring a new fast food bakery from Hungarian milling and bakery group Elso Pesti for an undisclosed fee. The acquisition of new production capacity in Hungary strengthens the Danish bakery group’s position in the Central European market.

“We want to follow our international customers into the Central and Eastern European market and with production in Russia, Poland and now Hungary we have the best possible set-up for matching our customers’ needs and demands for the future,” explains Bent Pultz Larsen, chief executive of Lantmannen Unibake.

The new Hungarian bakery also secures Lantmannen Unibake a solid production platform and direct access to a well-established sales and distribution network throughout the region. “With its location in the Central European region, the Hungarian market has a remarkable potential for future growth both in existing as well as new and unexploited sales channels,” he adds.

Five Major Deals

The deal marks Lantmannen Unibake’s fifth major investment in expanding its international presence since 2008. In February 2008, it acquired Baco Oy, the largest fast food bakery in Finland, as a step toward expanding its market share in the Baltics and Russia.

In April 2008, the company took its first steps toward establishing itself as a major player in the American bread market with its acquisition of Euro-Bake, one of the Southeast’s premier artisan bakeries, a 200-person bakery specialising in European inspired bread types.

In June 2008, Lantmannen Unibake acquired production capability in the UK for the first time with the purchase of Eurobuns, a leading bakery just outside London. The acquisition opened the door to the frozen bread market in the UK, of which Eurobuns at the time controlled around 50%.

In May 2009, Lantmannen Unibake became the majority shareholder in Bakehouse, the UK’s leading supplier of sweet and savoury pastries and speciality breads. The purchase continued Lantmannen Unibake’s massive investments in the British market making it the group’s biggest market.

Including the Hungarian bakery, Lantmannen Unibake now has 86 bakery lines in 26 bakeries in 11 countries. It employs 4,000 people and has an annual turnover of Eur727m.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements