Pandriks acquired by Bridor
Context
Strengthening its leadership in the premium European bakery market, Bridor has completed the acquisition of the Dutch group Pandriks. This transaction is a key component of Groupe LE DUFF’s broader strategy to scale its industrial branch, which now nears the €3 billion annual revenue milestone. The strategic rationale for the deal is the immediate integration of specialized organic bread-making capabilities and two highly efficient manufacturing sites in the Netherlands and Germany. As part of the merger, BRIDOR has committed to finalizing a €75 million investment plan initiated by Pandriks to double its production volume over the next five years. This partnership is designed to blend Pandriks’ sourdough expertise with BRIDOR’s high-gastronomy heritage—supported by its long-standing collaboration with Maison Lenôtre and the Meilleurs Ouvriers de France (MOF). By securing this Northern European hub, BRIDOR enhances its ability to serve the "bake-at-home" retail segment and reinforces its commitment to the premiumization of the global frozen food industry.
Pandriks, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only].
-> Deep-dive in AgriFood market trends
Target
Pandriks is a European baking specialist focused on organic products and artisanal-inspired bread. Founded in the Netherlands in 2012, the company has developed a premium range of baked goods crafted from simple recipes and long fermentation processes, prioritizing quality and natural ingredients. The group operates on an advanced industrial model, combining modern production technologies with an artisanal approach. With two manufacturing sites in the Netherlands and Germany, Pandriks is well-positioned to serve a broad customer base across Europe and internationally. Pandriks markets its products through two primary channels. On one hand, the company offers private-label products to major retailers. On the other hand, it has a branded range called SlooOW, targeting home baking and specialty retail. This dual strategy enables Pandriks to cater to both industrial and premium segments. As a key player in the organic and high-end bread market, the group benefits from the growing demand for high-quality ingredients and more natural production methods. Pandriks differentiates itself by its ability to produce on a large scale while replicating traditional baking techniques. With a presence in several Northwest European markets, Pandriks primarily serves distributors, foodservice operators, and hotel chains, offering tailored solutions for large accounts and international networks.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Bridor
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2026 | BRIDOR | PANAMAR BAKERY GROUP | SPAIN | Bakery / Pastry |
| 03/2025 | BRIDOR | LAURENT BAKERY GROUP | AUSTRALIA | Bakery / Pastry |
Similar deals in Food Processing
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | NEWPRINCES GROUP | PRINCES | UNITED KINGDOM | Food Products |
| 06/2024 | IDILIA FOODS | GRUPO CACAOLAT | SPAIN | Soft Drinks |
| 04/2024 | GLANDIA NUTRITIONALS | FLAVOR PRODUCERS | UNITED STATES | Ingredients |
| 04/2024 | CAMPARI GROUP | COURVOISIER | FRANCE | Wines & Spirits |
| 03/2024 | ARGOS WITYU | ROUTIN | FRANCE | Beverages |
| 03/2024 | CVC | PARTNER IN PET FOOD (PPF) | HUNGARY | Petfood |
| 03/2024 | CAMPBELL SOUP COMPANY | SOVOS BRANDS | UNITED STATES | Food Products |
| 02/2024 | INVESTINDUSTRIAL / SAMMONTANA | FORNO D’ASOLO | ITALY | Bakery / Pastry |
| 02/2024 | ARDIAN | MY PIE | FRANCE | Food Products |
| 12/2023 | THE FERRERO GROUP | MICHEL ET AUGUSTIN | FRANCE | Food Products |
REFERENCES
Valuation range: EV €300–700M
Revenue range: €100–200M
EV/Revenue range: 1x - 3x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Pandriks 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.
Target: pandriks
FAQ
What transaction does this page cover?
How was the acquisition of Pandriks by Bridor valued, and what multiples were paid?
What was Pandriks’s revenue at the time of the deal?
What sources support the information on this transaction?
What is mynth?