Real Good Food buys Devon-based Chantilly Patisserie

10th Feb 2016 13:53

(ShareCast News) - Real Good Food's wholly-owned subsidiary Haydens Bakery has bought Chantilly Patisserie for £1.75m, using existing cash resources.For the 12 months to March 2015, Chantilly - a Devon-based producer of handmade frozen desserts - had turnover of £2.5m and earnings before interest, taxes, depreciation and amortisation of £500,000.Chantilly supplies customers such as Marston's Brewery, Warner Leisure, Brakes and Country Range.Executive chairman Pieter Totté said: "The acquisition of Chantilly opens up a new channel for us as they have already impressively established themselves as a supplier of quality products to the important and growing food service sector."We will continue to identify and complete bolt-on acquisitions as we seek to reach greater scale within our three pillar markets of cake decoration, food ingredients and in this case premium bakery."At 1358 GMT, Real Good Food shares were up 2.4% to 42p.