London-based packaged food producer Bakkavor Group PLC said May 16 that it is acquiring desserts maker Blueberry Foods Ltd. from Samworth Brothers Ltd. for an undisclosed amount.
Bakkavor said the acquisition will improve its market position in chilled desserts while providing both additional capacity and new capabilities such as hot desserts.
Based in Leicestershire, Blueberry produces desserts for British grocery retailers and employs about 420 people.
The acquisition is expected to close by mid-June, subject to an agreement with affected employees and other customary closing conditions.
Bakkavor said the transaction will be funded using existing facilities, with marginal leverage impact.