European Bakery acquires Florida-based Euro-Bake
April 25, 2008
by Eric Schroeder
ST. PETERSBURG, FLA. — Lantmannen Unibake, a Europe-based frozen bakery products supplier with 31 bakeries worldwide, has acquired St. Petersburg-based Euro-Bake, a producer of European-inspired bread products such as ciabatta buns, baguettes and focaccia bread. With the acquisition, Lantmannen has established its first production facility in the United States. Previously, the company made its products in Europe for shipment to the United States.
The decision to acquire a presence in the United States follows a year in which Lantmannen said its U.S. sales rose 25%. The company produces Danish pastry, croissants and a variety of frozen bread products for bake-off and retail.
"The demand for Lantmannen Unibake’s products is on the rise in the United States and everything suggests a strong potential for continued growth," said Bent Pultz Larsen, chief executive officer of Lantmannen Unibake. "The acquisition of Euro-Bake fulfills an important link in the long-term growth strategy for Unibake — part of which has been to acquire a baked-goods producer with facilities in the United States."
Euro-Bake, which was founded in 1993 by Harty Gerhard, a German immigrant to the United States, has a strong customer base in the south eastern United States, including Disney, Arby’s and Denny’s.
The Euro-Bake acquisition comes only a few weeks after Lantmannen Unibake announced the purchase of BACO, a Finnish fast-food bakery.
Scott Kolinski, general manager in Lantmannen Unibake's existing sales company based in Chicago, has been named general manager for the total Lantmannen Unibake USA.