Oghma guides Bako Group Limited in James A.S. Finlay Limited acquisition
The deal is the latest in Oghma’s list of transactions in the European food ingredients sub-sector
Print10 April 2024
Oghma Partners, the corporate finance house to the consumer industries, has announced that it acted as financial advisor to Bako Group Limited on the acquisition of James A.S. Finlay Limited, for an undisclosed amount. The deal is the latest in Oghma’s list of transactions in the European food ingredients sub-sector.
Some of Oghma’s recent ingredient deals have included advising; Symrise (UK/Germany) on the joint venture with Th. Geyer Ingredients (Germany), Givaudan (Switzerland) on the disposals of its Valencia site to Berkem (France), its pectin business to Herbstreith & Fox (Germany) and of its processed and grated cheese business (Netherlands); Sonae/Sparkfood (Portugal) on the acquisition of Diorren/BCF (France); the shareholders of Good Food Wines (UK) on the sale to Kiril Mischeff (UK); the shareholders of Algaia (France) on the sale to J. Rettenmaier & Söhne (Germany); the shareholders of KTC Edibles (UK) on the sale to Endless (UK); Novax Group (Sweden) on the acquisition of Ulrick and Short (UK); and Solina Group (France) on the acquisition of Bowman Ingredients (UK).
Founded in 1976 and based in Craigavon, Northern Ireland, Finlay’s Food has grown to be a leading name in the Irish bakery trade. The business manufactures and supplies ingredients to the bakery and general food industry, with its customer base extending throughout Northern Ireland and into the Republic of Ireland, as well as the wider UK, Europe and Asia.
Bako was founded 60 years ago and is recognised as a key organisation within the UK bakery industry supply chain and is owned by over 694 shareholders, all of whom are bakers. Bako provides independent bakers and caterers with a wide range of ingredients and finished products from quality suppliers, as well as its own Bako Select branded range, through its depots in Preston, Durham and Wimbledon, employing 312 people across all three sites.
Mike Tully, chief executive officer, Bako, said: “This acquisition opens up new markets for us in Northern Ireland and beyond, offering significant growth opportunities. Finlay’s Foods has established a strong presence and loyal customer base, which we intend to build upon and expand.”
Patrick Gracey, sales director, Finlay’s Foods, said: “Finlay’s have had a long-standing relationship with Bako both as a customer and supplier for over 20 years. This is a natural evolution that benefits both companies and will enable us to build on our customer focused approach, facilitating the delivery of more choice opportunities and benefits to our loyal customer base.”
Fans 0
Followers