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03/2026100%

Panamar Bakery Group acquired by Bridor

SPAIN Food Processing / Food Products / Bakery / Pastry REV €450–900M

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 [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].

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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.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€450–900M
€100–200M
[members only]
2025
€450–900M
€100–200M
[members only]

Other operations with Bridor

Other operations with Bridor
DateAcquirerTargetCountrySector
03/2025BRIDORLAURENT BAKERY GROUPAUSTRALIABakery / Pastry
04/2024BRIDORPANDRIKSNETHERLANDSBakery / Pastry

Similar deals in Food Processing

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03/2026ALPHAPET VENTURESCPRO FOODBELGIUMPetfood
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03/2026LSDH (LAITERIE DE SAINT-DENIS-DE-L'HÔTEL)BISCUITERIE DE CHAMBORDFRANCEFood Products
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REFERENCES

Revenue range: REV €450–900M

EBITDA range: €100–200M

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

FAQ

What transaction does this page cover?

This page covers Bridor’s acquisition of 100% of Panamar Bakery Group, a Spanish company specialised in Food Products, in 2026.

What were Panamar Bakery Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Panamar Bakery Group generated annual revenue estimated in the €450–900M range and EBITDA in the €100–200M bracket (FY 2026). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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