Puratos: acquires North American bakery provider

Groot Bijgaarden / BE. (pnv) Belgian Puratos Group, leading innovator in the bakery, patisserie, and chocolate industry, has recently acquired Pennant Ingredients, a leading provider of speciality bakery products and solutions to the North American Quick Service Restaurant, foodservice and retail in-store bakery channels. Pennant Ingredients is a large baked goods supplier for the foodservice and retail markets operating in the US. «This acquisition will allow us to increase our positioning in North-America, especially in the foodservice», says Daniel Malcorps, Chief Executive Officer of Puratos. With more than 70 years of expertise in producing and delivering ready-to-use mixes and toppings, Pennant Ingredients, located in Rochester, New York, generates more than 70 million US-Dollars in sales and employs 100 people.