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Leading European Baker Makes U.S. Acquisition
1 Min Read
Mike Buzalka
Lantmannen Unibake, a leading European frozen bakery products supplier, has acquired Euro-Bake and established its first production facility in the United States. To date, Unibake had made all its products in Europe and shipped them to the U.S., a fast-growing market for its products that grew 25 percent in 2007. Denmark-based Unibake produces Danish pastry, French croissants and fresh and frozen bread products.
“The demand for Lantmannen Unibake's products is on the rise in the United States and everything suggests a strong potential for continued growth,” says Scott Kolinski, president of Unibake's U.S. operations. “The acquisition of Euro-Bake fulfills an important link in the long-term growth strategy for Unibake — part of which has been to acquire a baked goods producer with facilities in the United States.”
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