Advertisement
News
Advertisement

Italy's Barilla Sells German Bakery Chain

Thu, 08/12/2010 - 6:25am
Manufacturing.net

BERLIN (AP) -- Italian pasta maker Barilla has agreed to sell German bakery chain Kamps to a private equity fund and the company's management for an undisclosed sum.

Kamps said late Wednesday that the new majority owner will be a fund administered by ECM Equity Capital Management GmbH, based in Frankfurt. It said Kamps' management would hold a "significant" stake but didn't elaborate.

Barilla bought Kamps in 2002. It owned the baker via a fully-owned subsidiary, Lieken AG.

Kamps has some 900 outlets in Germany. It has 1,000 employees of its own and franchise partners employ more than 4,000 people.

SOURCE

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading