Tue, 15 Apr 2014 | BUSINESS SALE
Baked goods company Fabulous Bakin’ Boys has been bought out of administration by Daelmans Group.
Fabulous Bakin’ Boys makes packaged baked goods for the grocery sector such as muffins, cupcakes and flapjacks. Based in Witney, Oxfordshire, the company employs around 120 staff, all of which will keep their jobs as part of the sale.
The Dutch business Daelmans Group is a supplier of cakes, pastries, caramel waffles, coconut pastry, biscuits and shortcake. The goods are sold under the Daelmans and De Molen’s Banket brands.
Fabulous Bakin’ Boys had been put into administration last Friday (11 April), leading to Daelmans’ purchase of the company. The administration came as a result of the baking company overspending, including a £3 million investment in an automated packaging line for individual goods, new managing director Richard Cooper told FoodManufacturer.com.
Daelmans has stated that it bought its British competitor for an undisclosed fee to help it realise its growth ambitions in Europe.
In a statement Thijmen Peter de With, general manager of Daelmans Group, said: “Fabulous Bakin’ Boys has great potential and will benefit from the investment and re-invigoration that an established bakery company such as Daelmans Group can provide.”
Fabulous Bakin’ Boys, formerly known as the Delicious Donut Company, was formed in 1989. In 2011 it was voted the West Oxfordshire Business of the Year and currently has a £14m turnover.
_______________________________________________________________________
Related information:
West Cornwall Pasty Company bought out of administration
Companies in administration
This business prides itself on an innovative moulding tool leasing service that encourages long-term customer loyalty, with many clients partnered for over two decades. With operations spanning multiple sectors and a strong, experienced team, it redu...
A well-established component manufacturing and assembly specialist based in Dorset is available for acquisition, offering bespoke services to a blue-chip client base within the aerospace industry.
This well-established medical training service provider offers accredited resuscitation courses to over 1,000 active clients, including healthcare entities and academic institutions, across the UK.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.