Europastry Acquires Dutch Frozen Bakery Firm De Groot Edelgebak

Spanish bakery Europastry has acquired Dutch frozen bakery company De Groot Edelgebak, continuing its expansion in Europe. This latest deal is expected to boost Europastry’s revenue by EUR16.5m, taking its total revenue to over USD1bn.

De Groot Edelgebak has a portfolio of 2,000 customers in the bread, pastry, and cake market.

This is the fourth acquisition for Europastry in the past two years. One of its significant deals was the purchase of a 94.7% stake in German company DeWiBack, which specialises in frozen doughs for the hospitality and catering industry. In 2022, Europastry bought Dawn Foods in a deal that added two production facilities in the Netherlands and the UK.

Europastry operates 27 production sites and has a presence in 80 countries. The company is active in the Netherlands with three production facilities located in Oldenzaal, Beuningen, and Steenbergen. It closed 2023 with an annual sales growth of 20%, to EUR1.35bn, and EBITDA increasing to EUR205m. Geographically, the Iberian market remained the company’s primary revenue driver, contributing approximately 55% to its overall turnover.