Private equity-owned Bisca will run East Coast Bakehouse arsenic a standalone subsidiary.
Credit: East Coast Bakehouse/Facebook
Ireland’s East Coast Bakehouse has been snapped up by Danish cakes and biscuit shaper Bisca.
East Coast Bakehouse, which is based successful Drogheda, County Louth, will go a “standalone” subsidiary of Bisca’s world business, according to a statement.
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Financial position of nan deal, which becomes effective from coming (1 May), were not disclosed.
The Irish business was group up successful 2016. It produces its ain brands – The Bakehouse and The Home of Irish Biscuits – and backstage explanation for awesome retailers successful nan UK and Ireland specified arsenic Tesco, Asda and nan discounter Lidl.
Exporting to 15 markets, East Coast Bakehouse is besides a co-manufacturer operating retired of its azygous mill successful Drogheda adjacent Dublin.
Kristian Walsøe, nan CEO of Bisca, said: “East Coast Bakehouse’s products are an fantabulous fresh pinch our portfolio and complement what we already offer. They person a beardown beingness successful Ireland and nan UK, while we person a coagulated position successful nan Nordics and Northern Europe, creating a beardown mixed geographic footprint.
“At nan aforesaid time, they run a modern and well-established accumulation set-up that we tin build upon.”
Bisca is owned by nan Danish private-equity patient Erhvervsinvest, which acquired nan business successful 2024 from Norwegian nutrient group Scandza.
The shaper of cakes, cookies and biscuits traces its roots to 1890 and has a royal warrant successful Denmark. Its brands see Karen Volf, Karen’s Bakery, All successful One and Mon.
Bisca claims to beryllium a “market leader” successful Denmark and supplies markets successful nan Nordics, Northern Europe and North America.
“We are delighted to squad up pinch Bisca, who were from nan early stages identified arsenic an perfect caller strategical partner to thief support and accelerate nan breathtaking maturation momentum down East Coast Bakehouse,” David Carey, nan company’s main commercialized officer, said successful nan statement.
“The woody will bring caller opportunities and caller measurement to our business and our unit and proviso partners.”
East Coast Bakehouse will clasp nan installation successful Drogheda, pinch Bisca-Erhvervsinvest to supply “new finance to money and accelerate early growth”.
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