Bakery deal satisfies Bako’s appetite for growth
PRESTON bakery ingredients specialist BAKO North Western has expanded with the acquisition of another supplier based in the south east.
It has bought BAKO London & South East, based in Wimbledon, and its subsidiaries LBBA and Anglian Bakery & Catering Suppliers based in Norwich.
BAKO was set up 45 years ago as a group of co-operatives to increase the buying power of members in a similar way to the Co-operative movement.
BAKO’s board said the deal will increase opportunities for suppliers, widen the product range for customers and benefit its members. The value of the transaction was not disclosed.
Warrington law firm Forshaws Davies Ridgway advised Bako North Western on the deal. Partner John King said: “BAKO is a leading national brand in the bakery supply business and was set up nearly 50 years ago as a group of co-operatives to increase the purchasing power of its members, very similar to the Co-operative movement.
“The legal work included dealing with the particular requirements of an industrial and provident society, complex share structures and liaising with the Financial Conduct Authority. I am delighted we have managed to mix all the ingredients into a first rate commercial agreement for the company.”
BAKO supplies everything from basic commodities such as yeast, flour and chocolate to finished products like cupcakes, muffins and pork pies.
