LE DUFF Group, global food industry player, announces the conclusion of an agreement to acquire the Spanish group, PANAMAR BAKERY GROUP (€600 million in turnover in 2026, 2,600 employees). This represents the largest acquisition to date by LE DUFF Group and BRIDOR.
LE DUFF Group is targeting €3.5 billion in turnover with its various subsidiaries: BRIDOR (bakery), GOURMING (ready meals); its CATERING chains (Brioche Dorée, Del Arte, La Madeleine, and franchises) and PROPERTY.
BRIDOR & PANAMAR BAKERY GROUP: shared ambitions and values
A family-run business and leader in its sector (retail, hotel industry and catering), PANAMAR BAKERY GROUP is a Spanish manufacturer and distributor of frozen bakery products, known for its high-quality standards. It exports bread – its core business – Viennese pastries and pâtisserie products to over 20 countries. It proposes over 1,200 references. PANAMAR BAKERY GROUP relies on an integrated production and distribution network.
“We are embarking on this new chapter with confidence. The entrepreneurial spirit and family values that drive us form a common foundation that LE DUFF Group & BRIDOR will continue to nurture. This merger is fully in line with PANAMAR BAKERY GROUP’s ambitions for the future”, says Isabel MARTINEZ, President of PANAMAR BAKERY GROUP.
“Integrating PANAMAR BAKERY GROUP enables BRIDOR to take another decisive step forward by becoming a global leader in bakery and Viennese pastry products and a major player in the Iberian Peninsula. It perfectly reflects our mission statement: to bring to life the bakery cultures of the world”, explains Philippe MORIN, CEO of BRIDOR.
It will allow BRIDOR to strengthen its global industrial & logistics capacity in the 100 countries in which it operates.
BRIDOR is pursuing its global investment plan to accelerate its growth.
BRIDOR, global specialist in the manufacture of premium frozen bakery products, is investing in the construction and development of existing factories, as well as in acquisitions. BRIDOR’s turnover has increased from €750 million in 2021 to €2.5 billion in 2026. This global investment plan should enable BRIDOR to double its turnover in 2031.
- In AMERICA: expansion of the Bridor plant in Montréal (2021); and in the United States, acquisition of LECOQ CUISINE (Connecticut, 2022), expansion of the Vineland plant (New Jersey, 2025), construction of a plant in Salt Lake City (Utah, 2026), construction of a plant in Texas (2028).
- In EUROPE: acquisition of PANIDOR (Portugal, 2022); acquisition of PANDRIKS (Netherlands, 2024), continued investment in plants in in Fulda (Frankfurt, Germany, 2024) and Meppel (Netherlands, 2025); construction of a plant in Falaise (France, 2025); construction of a speciality products plant in Switzerland (2025); acquisition of PANAMAR BAKERY GROUP (Spain, 2026)
- IN ASIA-PACIFIC: acquisition of LAURENT BAKERY (Australia, New Zealand, 2025); expansion of the BRIDOR plant in China (2025).
The recipe for success: high quality, bakery know-how and industrial excellence
“LE DUFF Group celebrates its 50th anniversary this year. It has grown steadily and strongly since its creation, largely due to three key factors:
- The stability of the teams because the only wealth is mankind;
- The quality and health of the products on the consumer’s plate for their well-being;
- Ongoing innovation, in both products and services”
says Louis LE DUFF, President and Founder of LE DUFF Group and BRIDOR.
