News Formal

Longford-based Panelto Foods acquired by private equity backed European Bakery Group

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The privately-owned Irish bakery company will be folded into a new European-wide company that owns other bakeries in Germany and the Netherlands

Panelto Foods, the Longford-based bakery company, has been acquired by 3i Group, a British private equity firm, for an undisclosed sum.

As part of the deal, Panelto will be folded into a much larger bakery company owned by the British investment firm called European Bakery Group, which was formed in May 2023 when 3i Group acquired and merged two businesses located in the Netherlands and Germany.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UCC announces European Investment Bank to provide €50m for business school developmentPlanning permission for new third level school in Cork city centre was granted last month
Source: IrishTimesBiz - 🏆 6. / 77 Read more »