NETHERLANDS - Industri Kapital to sell Continental Bakeries to NPM Capital

Continental Bakeries is a leading player in European private label biscuits with top three positions in most of the segments it operates in. The Company designs, produces and distributes sweet biscuits, bread substitutes and toast. In addition to its private label products, the company also owns a limited number of brands including Haust. Continental Bakeries has a comprehensive range of international and regional products. The company is headquartered in Dordrecht, the Netherlands, and employs approximately 800 employees in 11 locations.

Continental Bakeries was acquired by IK funds in 1999. Under its ownership, IK worked closely with the management team to restructure the production platform and refocus Continental Bakeries on becoming a leading private label biscuit player in Western Europe. A number of plants were closed and a new plant in Dordrecht was acquired. A successful geographic expansion strategy has been executed by taking full control over its German business, completing bolt-on acquisitions in Austria and Hungary, and establishing an important position in the French market. Under IK’s ownership, sales went up 40% from €126m in 1998 to €175m in 2005.

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