REG - Finsbury Food Group - Completion of Acquisition <Origin Href="QuoteRef">FIF.L</Origin>

Finsbury FoodAnnouncement

16/07/2015 11:05

RNS Number : 2363Q
Finsbury Food Group PLC
16 June 2015
Date:
16 June 2015
On behalf of:
Finsbury Food Group plc ('Finsbury', 'the Company' or 'the Group')
Embargoed until: 0700hrs
Finsbury Food Group plc
Completion of Acquisition
Finsbury Food Group plc (AIM: FIF), a leading UK specialty bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels today announces that, further to its announcement on 6 May 2015, the Company can confirm the completion of the acquisition of Johnstone's Just Desserts Ltd ('Johnstone's').
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For further information:



Finsbury Food Group plc 
www.finsburyfoods.co.uk
John Duffy (Chief Executive) 
029 20 357 500
Stephen Boyd (Finance Director) 



Cenkos Securities plc

Bobbie Hilliam (Corporate Finance)

Oliver Baxendale (Sales)



Redleaf Communications
finsbury@redleafpr.com
Rebecca Sanders-Hewett 
020 7382 4730
Hope Armstrong

Publication quality photographs are available via Redleaf Communications on the numbers shown above
Notes to Editors:
 Finsbury Food Group Plc (AIM: FIF) is a leading UK manufacturer of cake and bread bakery goods, supplying a broad range of blue chip customers within both the Grocery retail and 'out of home eating' foodservice sectors including major multiples and leading foodservice providers. 
 Following the acquisition of the Fletchers Group of bakeries, the Company is one of the largest speciality bakery groups in the UK with initial annualised sale of over 270m.
 The Company's bakery product range is comprehensive and includes:
- Large premium and celebration cakes; 
- Small snacking cake formats such as cake slices and bites. 
- Artisan, healthy lifestyle and organic breads through to rolls, muffins (sweet and savoury) and morning pastries, all of which are available both fresh and frozen dependent on customer channel requirements.
 The Company is now the second largest manufacturer of ambient packaged cake (excluding In Store Bakery) in the UK, a market valued at 926m (Source Symphony IRI 52 w/e 6th December 2014). The annual bread and morning goods market has a value in excess of 3.5 billion (source Kantar Worldpanel). The UK foodservice bakery sector is worth approximately 900 million per annum, 70 per cent of which is in morning goods.
 The Company comprises a UK Bakery division and an Overseas division:
- UK Bakery has manufacturing sites in Cardiff, Hamilton, East Kilbride, Salisbury, Sheffield, London and Manchester. 
- The overseas sector comprise the Company's 50% owned Company Lightbody Stretz Ltd supplies and distributes the Group's UK manufactured products and third party products primarily to Europe.

This information is provided by RNS
The company news service from the London Stock Exchange
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