Laurent Bakery Sold to Bridor
Laurent Bakery Sold to Bridor
Transaction
Overview
Spayne Lindsay & Co is delighted to announce that, together with Intrinsic Partners, it has advised BGH Capital on the sale of its stake in Laurent Bakery, the leading artisanal bakery business in Australia, New Zealand and Asia Pacific region, to Bridor a global leading premium bakery manufacturer.
Laurent Bakery was founded in 1993, as a single café in South Yarra, Melbourne, by Laurent Boillon, a French-trained pastry chef and Master Baker, educated at the Lenôtre school in Paris and renowned for raising the standard of premium bread in Australia. Now, Laurent manufactures and distributes a wide range of products to notable wholesale customers in Australia, New Zealand and Asia, as well as operating 18 branded retail stores across Melbourne.
Bridor, a French family-owned company part of Le Duff Group, is a leading global supplier of high-quality bakery and patisserie products for professionals,employing 4,800 employees in over 100 countries across its 13 production sites.
This acquisition will, on one hand, provide Bridor with an exposure to the leading artisanal bakery business in Australia, New Zealand and the Asia Pacific region,complementing its strong presence in North America and Europe. On the other hand, Bridor is committed to long-term custodianship of Laurent and will leverage its extensive expertise and distribution networks to drive substantiable growth.
This agreement brings together two businesses driven by their values. Bridor and Laurent have shared commitment to quality, innovation, customer service and CSR, and together will be a global partner for every channel to share the bakery cultures of the world.
Our deep industry knowledge, global perspective and strong relationships make us a trusted advisor to leading consumer companies and investors
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