Cherrytree Bakery will be expanding its production into a state-of-the-art facility following the acquisition of a 12,000 square feet building next to its headquarters.
Increased capacity will allow the Burnley-based company to expand its tray bake offer, meet additional demand and strike deals in new markets.
Cherrytree Bakery was founded in 1984 by Executive Chair Gary Entwistle, and makes muffins, tray bakes and Chorley cakes for a large number of customers which includes supermarkets and coffee shops.
Over recent months the company has won a series of new contracts with national retailers and has ambitions to double its turnover in the next three years to UK£50 million.
“We are delighted to have completed the deal to buy the facility. It’s right next door to our existing bakery — so the location is perfect,” said Mark Beaumont, Managing Director of Cherrytree Bakery. “The business has enjoyed a number of years of successful growth and demand continues to be high, so this is a logical step forward. This £1million investment demonstrates our ambitions to grow the business significantly and this expansion will give us the perfect platform.
Earlier this year Cherrytree Bakery ran a major recruitment drive for 50 new staff after introducing a new weekend shift in order to meet growing demand. The company has said it will be recruiting again once the new facility is up and running.
“We have a strong order book, enjoy great client relationships, and have significant demand for our range. Companies work with us because they know that we produce exceptional products, and this is down to attention to detail and teamwork,” Mark added.
The company was supported in the purchase by Barclays. Shakira Musarat, Relationship Director at Barclays, said: “We are delighted to support Cherrytree Bakery on the next stage of their growth journey. They are an innovative, exciting business with strong social and environmental focus, creating jobs and opportunities in the heart of Lancashire.”
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