Food group IAWS expands with purchase of French bakery business

FOOD Group IAWS has expanded its par-baked division with the purchase of French-based Groupe Hubert.

Food group IAWS expands with purchase of French bakery business

It will pay €130 million to secure the business involving an initial payment of €125m cash plus a further €5m provided profit targets are met.

Groupe Hubert develops and distributes bakery products to the bakery craft and food service sector in France and has about 20,000 clients on its distribution list.

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