Puratos acquires North American bakery provider, Pennant Ingredients.
Puratos, leading innovator in the bakery, patisserie, and chocolate industry, has recently acquired Pennant Ingredients, a leading provider of speciality bakery products and solutions to the North American Quick Service Restaurant, foodservice and retail in-store bakery channels.
Pennant Ingredients is a large baked goods supplier for the foodservice and retail markets operating in the US.
“This acquisition will allow us to increase our positioning in North-America, especially in the foodservice”, says Daniel Malcorps, Chief Executive Officer of Puratos.
With more than 70 years of expertise in producing and delivering ready-to-use mixes and toppings, Pennant Ingredients, located in Rochester, New York, generates more than 70 million dollars in sales and employs 100 people.