Benchmark International is delighted to announce the sale of a Rugby-based family bakery firm to Bridgwater Bros.
Founded in 1986 by John and Jacqueline Dwyer, John Dwyer Bakery produces, supplies and delivers one-off and batch baked goods to supermarkets, schools, universities and catering companies.
The acquisition increases Bridgwater Bros’ portfolio of companies to twelve and enables the buyer to focus on expanding on its existing food company, The UK Foodhall, a producer of quality British frozen food. In Bridgwater Bros and The UK Foodhall, Benchmark International sourced an acquirer that adhered to the same values and traditions that have made John Dwyer Bakery a success and all parties involved are looking forward to the future under new ownership.
Following the acquisition, John Dwyer Bakery will operate under its existing brand as a trading subsidiary of Bridgwater Bros, with The UK Foodhall benefiting from John Dwyer Bakery’s loyal customer base and growth through the offering of new products.
Commenting on the transaction, John Dwyer said, “I feel confident of the continuing success of John Dwyer Bakery as part of a larger group. The acquisition will strengthen our market position and we look forward to working with The UK Foodhall to take advantage of the growth opportunities available.
“The Benchmark International team brought invaluable results to this transaction for us. They put our professional aims at the front of their objectives in driving this deal through to the end and allow us to successfully exit the business.”
Alex Forshaw, Associate Director at Benchmark International added, “Bridgwater Bros is the ideal acquirer to allow John and Jackie to realise their personal objectives whilst ensuring the continued growth of the company.”
The sellers were advised by Benchmark International as lead adviser, and Freeman Fisher LLP as lawyer. The buyer was advised by Marshalls Solicitors.
WE ARE READY WHEN YOU ARE
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkCorporate.com
Europe: Carl Settle at +44 (0)161 359 4400 / Settle@BenchmarkCorporate.com
Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkCorporate.com
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.