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Korea M&A Corporation
The manufacturer East Balt Bakeries acquires Korea Food Service Company 본문
The manufacturer East Balt Bakeries acquires Korea Food Service Company
알 수 없는 사용자 2015. 1. 30. 14:13East Balt previously had a minority ownership position in K.F.S.C., which included a distribution business as well as a bakery business.
As a result of the transaction, East Balt will own 80% of a newly formed company, East Balt Korea, which will focus only on the bakery operations. The majority ownership is expected to add approximately USD 20 million in sales revenue to East Balt on an annual basis.
Founded in 1997, K.F.S.C. produces and distributes hamburger bread and food items for fast-food chains.
East Balt Bakeries is a privately held, global bakery manufacturer of soft and hard rolls, English muffins, tortillas and bagels for customers in the food service segment. The company operates 20 wholly-owned and jointly-owned bakeries across Europe, Asia, the Middle East, Africa and North America.