12 June Lantmännen Unibake expands in Norway
The international bakery company has acquired the production assets from French Bakery Company AS
Today, the international bakery company, Lantmännen Unibake, has acquired the production assets from French Bakery Company AS, a Norwegian bakery located close to Drammen. The acquisition is a key step to provide sustainable products and bakery solutions in Norway and to meet consumer demand for locally produced bakery products.
The acquisition includes the take-over of French Bakery Company’s production equipment and employees and it strengthens Lantmännen Unibake’s unique position in Norway. It will provide opportunities for expansion with new products for foodservice and retail.
It also enables insourcing to Lantmännen Unibake’s local bakeries and supports the international bakery group’s focus on core markets and sustainable production.
“French Bakery Company is a modern bakery with high bake-off expertise and quality standards. Geographically, the bakery is well positioned for our current Norwegian operations and fits into our strategy and ambition. Building on our focus on sustainability from field to fork, locally produced bakery products and short time-to-market, we believe there is a very good potential to grow the business further and continue to deliver great results,” says Werner Devinck, CEO of Lantmännen Unibake.
“Lantmännen Unibake Norway sees strong growth potential for bake-off products in Norway and our focus is to meet the needs of our foodservice and retail customers. With increased flexibility, tailor-made and locally produced products, the acquisition will expand our current offer. It enables our business to strengthen our sustainability efforts through locally sourced raw materials and locally produced products, while also supporting our target to reduce the CO2 footprint through shorter transportation distances,” says Thomas Bjarkholm, Managing Director of Lantmännen Unibake Norway.