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.
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