Baker & Baker has expanded its Portuguese footprint with the acquisition of Peipen, a Portuguese producer of authentic pastel de nata.
Pastel de nata is a traditional Portuguese pastry tart, filled with egg and custard.
The acquisition will allow the company to increase capacity for pastel de nata production and expand its sweet bakery capabilities through new, additional lines.
The deal will give Baker & Baker access to Peipen’s 5,000-square-metre manufacturing facility in Peniche, entering into a rental agreement with the real estate owners. The company will also own two other sites located in Santo Tirso and Sāo Joāo da Talha.
John Lindsay, European CEO at Baker & Baker, said: “We’re thrilled to have concluded the acquisition of Peipen. It’s a strong business that has supported us as a supplier for many years.”
He continued: “The facility complements our existing portfolio by adding an attractive, core bakery line and supports our move towards developing our speciality laminated business in our growing Iberian market and quickly adds much-needed capacity. We’re confident that Baker & Baker Peniche can deliver further growth for our business, through additional Pastel de Nata listings and the introduction of additional speciality bakery lines.”
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