Biscuit International to extend European leadership position with acquisition of Continental Bakeries

NETHERLANDS –  Biscuit International is seeking to reinforce its position in the European private label biscuit and bread substitute market through the acquisition of Continental Bakeries from its majority shareholder, Goldman Sachs Asset Management.  The two companies share numerous synergies, both being leading European manufacturers of private label goods like biscuits, bread replacements and toast.  “The proposed acquisition of Continental Bakeries is a game changer for Biscuit International,” said Giampaolo Schiratti, chief executive officer of Biscuit International.   “Continental Bakeries is a very well-established company in Europe, and its addition to our group will…

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