CFI advised Dutch Bakery on the acquisition of the Home Bake-Off division from Bakkersland

Amsterdam – CFI acted as the exclusive corporate finance advisor to Dutch Bakery on the acquisition of the Home Bake-Off division from Bakkersland.

Dutch Bakery (Schapendonk Holding) is a family owned business with its roots in Waalwijk since 1937. Originally specialised in production and sale of sausage rolls, Dutch Bakery has in recent years experienced significant growth in the market for modified atmosphere packaged bread without filling. The company champions in the market for exclusive oven and microwave bake off products, mini snacks and quiches.

Bakkerland specialises in fresh bread products, in store bake-off bread and pastry. Bakkersland is market leader in the Netherlands with 15 bakeries throughout the country.

The home bake off unit is the largest industrial bakery in the Netherlands for modified atmosphere packaged bread products, with a total turnover exceeding € 50 million. The products are procured by supermarket chains, other food manufacturers and food service companies, in over 10 European countries.

The transaction involved the bakeries in Eindhoven and Tilburg, as well as the distribution centre in Tilburg. Through this transaction, Dutch Bakery Group, backed by Schapendonk Holding, becomes market leader in the Benelux and ranks top five in the European market for modified atmosphere packaged bread products.

CFI initiated exclusive discussions and negotiations between Dutch Bakery and Bakkersland, that ultimately resulted in a succesful transaction closed in February 2015.