The Serafin Group, Munich, has acquired Gersthofer Backbetriebe, one of leading industrial bakeries in Southern Germany, from the founding families. Network Corporate Finance exclusively advised the shareholders of Gersthofer Backbetriebe in connection with the transaction.
Transaction
The founding families of Gersthofer Backbetriebe have sold all corporate shares to the Serafin Group as part of their succession planning.
Company
Gersthofer Backbetriebe is one of leading industrial bakeries in Southern Germany. Gersthofer generates a current turnover of approx. EUR 35 mn. and has established itself as a regional supplier of fresh bakery and pre-baked bakery products for the food retailing since 1970. Furthermore Gersthofer distributes its products through its own regional branch network in the greater Augsburg area. More the 400,000 articles are produced and delivered every day.
For additional information on Gersthofer Backbetriebe: www.gersthofer-backbetriebe.de
