Budapest, February 2015
With its Igal-based Pek-Snack Kft. and its 100% Croatian subsidiary, the Group – presenting a turnover of 11.6 million EUR – is one of the most advanced players in the business of manufacturing frozen bakery products. It develops and sells nearly 80 commercial and private label products. In Hungary and Croatia, the Group distributes its products through more then 1800 selling points in form of Pek-Snack franchise bakeries, as well as for multinational customers.
The Company was acquired by the private equity fund Danube.
The members of the Galánta family – likewise the Company’s founders in 1998 – found further growth as well as security for the 250 employees in the leaders of the Danube Fund.
The continuity of the Company’s senior management is ensured through FMCG experience as well as the independent manager István Justin, who has been recruited by the Sellers.
Based on the Group’s very strong structural foundation – Pek-Snack has shown dynamic trading besides its ongoing expansions in recent years – the investors have thought the process through well and see further potential for strong growth through development plans after the transaction.
The advisor to the Pek-Snack sellers in the transaction was Concorde MB Partners.