Bakkavor, the maker of fresh prepared food for the supermarket multiples, has entered into an agreement to purchase Blueberry Foods, a desserts business owned by Samworth Brothers.
Blueberry operates from a facility in Leicestershire with approximately 420 staff producing a range of desserts for leading grocery retailers in the UK. In the financial year ended 31 December 2018, the business generated revenues of £42m but made a loss of £1m at an EBITDA level.
Commenting on the deal, Agust Gudmundsson, Chief Executive Officer of Bakkavor, said: “The acquisition of Blueberry is a great strategic fit for Bakkavor. Together with our recent addition of Haydens Bakery and a major investment at our site at Newark, our long-term commitment to growing our desserts category in the UK is clear.
“The team at Blueberry share our passion for providing outstanding service, quality and value to customers and we look forward to welcoming them to the group.”
