15 Jul 2016
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.
This acquisition will allow us to increase our positioning in North-America, especially in the foodservice