Onoré Acquires Cakesmiths from LDC
December 15, 2023
French bakery group Onoré (formerly Boncolac), backed by private equity firm Waterland, has agreed to acquire Bristol-based artisan cake manufacturer Cakesmiths from LDC. The deal sees LDC exit after a two-year partnership in which Cakesmiths nearly trebled revenue and grew headcount to more than 200 employees; the acquisition will support Onoré's plans to expand its European footprint.
- Buyers
- Onoré (formerly Boncolac), Waterland (backer)
- Targets
- Cakesmiths
- Sellers
- LDC
- Industry
- Food & Beverage
- Location
- England, United Kingdom
- Transaction Type
- Divestiture
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