www.just-food.com
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Submitted URL: https://r20.rs6.net/tn.jsp?f=00116b2NXxG_j_kV6qULdWXjJ-QJGOz-V_HMT9DMJAwIdtKG0UKe0zcUccVjI7I_fvqqqgwZXA3_aYq6lBN2Rjz...
Effective URL: https://www.just-food.com/newsletters/uks-regal-foods-snaps-up-local-peer-love-handmade-cakes/
Submission: On January 23 via manual from IN — Scanned from DE
Effective URL: https://www.just-food.com/newsletters/uks-regal-foods-snaps-up-local-peer-love-handmade-cakes/
Submission: On January 23 via manual from IN — Scanned from DE
Form analysis 6 forms found in the DOM
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UK’S REGAL FOODS SNAPS UP LOCAL PEER LOVE HANDMADE CAKES
The acquisition comes two years after Regal Foods snapped up desserts
manufacturer Just Desserts Yorkshire.
Henry Mathieu January 17 2024
Credit: Love Handmade Cakes
UK-based confectionery and bakery company Regal Foods has acquired local peer
Love Handmade Cakes for an undisclosed fee.
The purchase is set to “boost and compliment Regal Foods’ portfolio of bakery
brands”, according to the Yorkshire business.
Established in 2004 in Leeds, West Yorkshire, Love Handmade Cakes (formerly
Exquisite Handmade Cakes) produces a range of over 100 cakes, traybakes,
individual cake bars and muffins for foodservice wholesalers, coffee shops and
distributors.
Love Handmade Cakes operates from its site in Leeds city centre. The site
comprises a bakery, a warehousing and distribution facility and office space.
The company employs 20 staff.
Regal Foods said the move will provide “opportunities for expansion, development
and growth in the foodservice area of the business and its new desserts
division”.
Younis Chaudhry, CEO of Regal Foods, said: “Long-term growth through acquisition
is integral to the group and our family of brands, putting us in a position
where we can offer our customers a solid mix of quality bakery products for both
foodservice and retail.
“Love Handmade Cakes brings us new opportunities to develop and introduce a new
range of products, including individually wrapped flapjacks, wrapped cake bars,
muffins and other “countertop” favourites. Servicing customers on all business
levels remains a key focus of ours and the acquisition brings us the ability to
further reinforce this.”
When asked about the company’s M&A strategy, a spokesperson for Regal Foods told
Just Food that it “will always welcome opportunities through acquisition that
will strengthen our brand and services, but more importantly create a solid food
offering for our customers”.
Love Handmade Cakes will continue to operate as an independent business. The
bakery joins companies including Regal Bakery, Yorkshire Baking Company, Just
Desserts Yorkshire and The Cake Emporium in Regal Foods’ portfolio.
Regal Foods is a manufacturer and distributor of baked and confectionery
products. With a portfolio of around 380 products, the business distributes food
and drink to over 3,000 retail outlets around the UK and exports to over 40
countries.
For the year ended 31 May 2023, Regal Foods turned over £31.8m ($40.4m), up from
£23.3m the previous year. Operating profit reached £1.1m from £940,000 the year
prior.
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