4 June 2009 - Private equity firm Hannover Finanz GmbH has sold its 100% stake in Northeast German bakery chain De Maekelboerger Backwaren GmbH to another private equity firm NORD Holding Unternehmensbeteiligungsgesellschaft GmbH and the management team of De Maekelboerger.
De Maekelboerger is understood to be aiming at raising its revenue to 60 million euro in the next three years.
“I believe that in addition to innovative ideas and hard work – private equity is the yeast in the dough of our enterprise. With NORD Holding on board we will continue to grow. As far as we are concerned nothing will change and we will continue to enjoy the legendary Hanover down-to-earth approach with our new shareholders,” stated De Mäkelbörger’s managing director Wolfram Lampel.
The company expects to achieve this by opening new shops and expanding the business with organic products worldwide.
Founded in 1965 in New Brandenburg, De Mäkelbörger Backwaren GmbH is one of the largest artisan bakeries in Germany. The former state holding bakery has evolved into a successful enterprise for artisan quality as the result of savvy ideas, the acquisition of smaller bakery chains, deep frozen pastries, restaurants such as Kornhus and Oliva and the organic bakery Gut Falkenhof near Berlin. In the meantime, the North German company has conquered Berlin with their bread rolls and pastries – the deep frozen specialties are also available in Japan and Australia.
The company's currently turnover amounts to 50 million euro.
