Idak Food Group Buys Majority Of French Baker Onoré

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IDAK Food Group has continued its acquisition spree pinch a woody for nan mostly of France-based bakery business Onoré.

Located successful Toulouse, Onoré supplies customers successful Europe pinch bakery products, pastries, desserts and Cornish pasties.

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In France, its brands see Boncolac successful bakery and snacks, Mag’M macarons and So Mochi crystal cream. In nan UK, Onoré makes and markets Proper Cornish pasties and Cakesmiths cakes.

Operating 5 accumulation plants successful France and 2 successful nan UK employing complete a 1,000 staff, nan institution generated a turnover past twelvemonth of much than €220m ($256.8m).

Onoré will widen IDAK’s geographical reach. IDAK is chiefly focused connected nan Swiss and Italian markets for pizza, snacks, digit foods and bakery.

IDAK, which is backed by private-equity patient TowerBrook Capital Partners, did not disclose nan value for nan mostly liking acquired from nan Onoré guidance squad and Waterland Private Equity. The woody is expected to adjacent successful nan existent half of twelvemonth but is taxable to regulatory approval.

IDAK CEO Christof Lehmann said successful a statement: “IDAK and Onoré complement each different perfectly to shape a unsocial and starring institution successful nan premium frozen-food assemblage successful Europe.

“We stock communal strengths specified arsenic integrated growth, diversification of our channels and customer base, a foothold successful respective countries, positioning successful nan premium frozen-food sector, leveraging marketplace synergies, a precocious grade of taste alignment and activity style, acquisition successful collaboration pinch investors and an awesome way grounds successful M&A.”

With a number of caller deals nether its belt, IDAK is generating yearly income of much than SFr330m ($413.6m) pinch a unit of astir 1,300.

The astir caller of those deals was Sorrento Sapori e Tradizioni, an Italian pizza shaper IDAK acquired past year for an undisclosed sum.

It besides struck a woody for fellow Swiss bakery business Kern & Sammet earlier successful 2025. In 2024, IDAK bought a majority stake successful different pizza institution successful Italy, ProPizza, done its subsidiary Margherita.

Switzerland’s Romer’s Hausbäckerei was besides brought connected committee successful 2023 done a majority interest.

Commenting connected entering nan IDAK stable, Onoré CEO Alexandre Vigneron said: “We are delighted pinch this transaction, which would springiness Onoré a caller world dimension.

“We stock nan aforesaid DNA arsenic IDAK and look guardant to starting to build our communal future. Together, we will proceed to trade signature products inspired by European cuisines successful bakery, pastry and snacks.”