Jul 11, 2007

Plan for joining of forces in Dutch caramel waffles business

The intended acquisition will result in a joining of forces between Van der Breggen and Bakkersland Banket, a company recently acquired by Gilde. Bakkersland Banket also has an important business in the caramel waffle market.

Gilde and both companies expect the joining of forces to provide opportunities for further growth, under an integrated direction and in a joint marketing approach, in the Netherlands as well as in markets abroad.

Van der Breggen was founded in 1969 and produces – with approx. 100 employees – a wide range of caramel waffles and caramel biscuits and ‘Buys Angel Kisses’. The waffles and biscuits are sold under proprietary brands such as Kanjers, Gouda’s Gilde and Bakker Joop and under private labels. The company also produces various kinds of organic caramel waffles and -biscuits.

The export activities of Van der Breggen are mainly focused on markets in the European Union, but also cover countries such as Japan, Canada and Saoudi-Arabia.

A request for advice on the intended joining of forces has been submitted to the Works Council. The trade unions have been informed.

For further information:

Pieter van der Steen, Managing Director Van der Breggen BV
Telephone: +31 (0)13 5946464

Gilde Equity Management Benelux
Gerhard Nordemann
Telephone: +31 (0)30 2192555

About Van der Breggen BV

Van der Breggen BV is the leading, specialised caramel waffles and caramel biscuits producer in the Netherlands. The company is located in Tilburg and employs approx. 100 people. Van der Breggen’s product range comprises a wide variety of caramel waffles and caramel biscuits, that are sold under private labels. Through supermarkets and out-of-home distribution channels Van der Breggen also sells caramel waffles and caramel biscuits under its own brands (a.o. Kanjers, Gouda’s Gilde and Bakker Joop). In addition, the company produces organic caramel waffles and –biscuits and ‘Buys Angel Kisses’.

About Gilde

Gilde Equity Magement Benelux - one of the funds of Gilde Investment Management – is one of the leading parties in the Dutch market for big and mid-sized buy-outs.
Gilde Investment Management was founded in 1982 and manages various funds totalling approx. € 1.7 billion.
Since the start of it activities, Gilde has invested in over 250 companies. Gilde has a strong focus on and experience in the food industry. Examples of investments by Gilde in the food industry are a.o. Bakkersland Banket, Koninklijke Peijnenburg, Bakker Bart, Inversco and Ad van Geloven.

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