Thu, 11 Jul 2024 | BUSINESS SALE
Jones Village Bakery, a bakery headquartered in Wrexham, has been acquired by French firm Menissez Bakery Group. The French group has acquired a stake in the business, taking over from private equity firm Limerston Capital, and will provide a multimillion-pound investment in the company's expansion plan.
Jones Village Bakery, which secured investment from Limerston in 2021, will continue to be operated by its existing management team, headed by Managing Director Robin Jones and his brother Christien, alongside Operations Director Simon Thorpe and Commercial Director Lesley Arnot.
In the first phase of the expansion plan, the company will install a new, highly-automated production line at its headquarters, to cater to demand from new and existing customers. The line, which is planned to be operational by next year, will produce a range of bread rolls and morning goods.
Jones Village Bakery employs around 900 staff and operates several bakeries on the Wrexham Industrial Estate, as well as one on the outskirts of the town in Minera. According to Robin Jones, the company had a significant number of suitors keen on providing investment, but Menissez, a family-owned business that has been operating for nearly 60 years, represented the “perfect fit”.
Jones said that Menissez will “bring immediate investment into the business”, adding that the deal was “a long-term partnership that will benefit from the clear synergies between the two companies and the two families."
Menissez Bakery Group Chief Executive Laurent Menissez said that the company had watched Jones Village Bakery’s growth over recent years “with great admiration.”
He continued: “As well as producing the highest quality baked goods, they have a clear vision to expand capacity and reach new customers. By combining our resources and our expertise, we can become even more successful together."
M&A activity recently hit an eight year high in the food and drink sector
Lincolnshire based comprehensively refurbished gastro tavern, lounge bar and dining for 80. Boasting a splendid garden trading area with additional booze dispensary.
LEASEHOLD
Fully refurbished by our clients this impressive village pub restaurant has extensive, first rate facilities producing annual sales in the order of £700,000 p.a. excluding VAT. The outside trading space is hugely impressive with gazebo's and a covere...
LEASEHOLD
On the market a rare riverside pub restaurant located in popular hamlet near leisure, camping, caravan, park homes and waterside activities.
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.