At what enterprise value was PANAMAR BAKERY GROUP acquired in 2026?

You can find the full valuation details of PANAMAR BAKERY GROUP on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PANAMAR BAKERY GROUP when it was acquired by BRIDOR?

The exact EV/EBITDA multiple for PANAMAR BAKERY GROUP is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.2x. Join our community for free to access full valuation data and industry trends.

When was PANAMAR BAKERY GROUP acquired by BRIDOR?

PANAMAR BAKERY GROUP was acquired by BRIDOR in 2026.

What was the revenue of PANAMAR BAKERY GROUP at the time of the deal?

The revenue of PANAMAR BAKERY GROUP at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of PANAMAR BAKERY GROUP during the acquisition?

PANAMAR BAKERY GROUP's EBITDA is estimated to be in the range of 100M - 200M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PANAMAR BAKERY GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PANAMAR BAKERY GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.groupeleduff.com/actualites/bridor-renforce-sa-place-dacteur-mondial-de-la-boulangerie-viennoiserie-premium-avec-lacquisition-du-groupe-panamar-bakery-espagne

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Home Database AgriFoodPANAMAR BAKERY GROUP

03/2026

PANAMAR BAKERY GROUP acquired by BRIDOR

SPAIN Food Processing / Food Products / Bakery / Pastry REV 450M - 900M EUR

Context

BRIDOR has announced the acquisition of PANAMAR BAKERY GROUP for an enterprise value exceeding €1 billion, making it the largest transaction in the history of the LE DUFF Group. This landmark deal integrates 11 Spanish production sites and 2,600 employees into Bridor’s existing network, creating a global powerhouse with a combined turnover of €2.5 billion in 2026. The strategic rationale for the deal is rooted in the "Premiumization" of the frozen bakery market and the capture of the highly resilient Spanish tourism and retail channels. By acquiring the Valencian leader, Bridor immediately gains access to a competitive export hub via the Port of Valencia and adds 1,200 specialized references to its global portfolio. This acquisition is the fifth major move in a multi-year global investment plan, following recent entries into Australia and the Netherlands. The partnership is designed to harmonize high-volume industrial excellence with traditional bakery craftsmanship, effectively cementing Bridor’s undisputed leadership in the professional food service and premium retail sectors worldwide.

By taking control of Panamar Bakery Group, Bridor continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Laurent Bakery Group in 2025.

PANAMAR BAKERY GROUP, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Panamar Bakery is a premier Spanish manufacturer and distributor of frozen bakery products, bread, and pastries. The group operates an integrated production and distribution network featuring 11 specialized factories with an annual production capacity of 350,000 tons. Serving the retail, hospitality (HORECA), and traditional bakery sectors, the company offers a vast catalog of over 1,200 references. While 90% of its sales are concentrated in the dynamic Spanish market—leveraging the country’s status as a top global tourist destination—it also exports to more than 20 countries. Strategically located near the competitive Port of Valencia, the group utilizes its logistics strength to maintain high quality standards across its four core brands, positioning itself as a key industrial pillar for frozen dough and high-volume premium bakery solutions in Southern Europe.

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2026

2025

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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03/2026	NEXTSTAGE	SOCIÉTÉ DES EAUX MINÉRALES D’ARCACHON (SEMA)	FRANCE	Food Processing	NextStage AM has acquired a majority stake in the Société des Eaux Minérales d’Arcachon (SEMA), taking over from the long-term owner and wine merchant Jean Merlaut, who exited his entire position. The transaction was carried out pari passu through the NextStage Evergreen vehicle and the "Pépites & Territoires" FPCI, representing a combined equity ticket of €30 million
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03/2026	LSDH (LAITERIE DE SAINT-DENIS-DE-L'HÔTEL)	BISCUITERIE DE CHAMBORD	FRANCE	Food Processing	LSDH has acquired 100% of Biscuiterie de Chambord following the retirement of the target company’s longtime director. The strategic rationale for the transaction is the continued diversification of LSDH’s portfolio into the artisanal and premium biscuit segment, a move that aligns with the group's long-term strategy of regional expansion
03/2026	ALPHAPET VENTURES	CPRO FOOD	BELGIUM	Food Processing	AlphaPet Ventures has completed the acquisition of 100% of Cpro Food, marking its fifth strategic acquisition since 2020. This transaction serves as AlphaPet’s primary entry point into the Belgian market, a high-value territory for premium pet nutrition
03/2026	ARES	EUROPASTRY	SPAIN	Food Processing	Ares Management has led a €300 million ($346 million) single-asset continuation fund to extend the ownership of Europastry, currently held by MCH Private Equity (who originally invested in 2011). The transaction includes participation from the Asset Management Umbrella Fund (advised by the EIF) and Newbury Bridgepoint
03/2026	DANONE	HUEL	UNITED KINGDOM	Food Processing	Danone has acquired 100% of Huel. This represents a significant milestone in the second chapter of the "Renew Danone" strategy, which focuses on accelerating growth through high-added-value acquisitions
02/2026	NASTA PET FOOD	FIRSTMATE PET FOODS	CANADA	Food Processing	Nasta Pet Food acquired 100% of the shares of FirstMate Pet Foods from its founder and partner. This transatlantic consolidation aims to establish the acquirer as a major player in the North American market, the world's largest pet food region

REFERENCES

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PANAMAR BAKERY GROUP by BRIDOR are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: bridor