Bridor acquires Spain-based Panamar Bakery Group

This represents the largest acquisition to date by the brand and its parent company.

Bridor acquisition — Courtesy of Clan d’Oeil

Le Duff Group, global food industry player and parent company of Bridor, has announced the conclusion of an agreement to acquire the Spanish company Panamar Bakery Group ($695 million in turnover in 2026, and 2,600 employees). This represents the largest acquisition to date by Le Duff Group and Bridor.

Le Duff Group is targeting $4 billion in turnover with its various subsidiaries: Bridor (bakery), Gourming (ready meals); its catering chains (Brioche Dorée, Del Arte, La Madeleine, and franchises) and property.

A family-run business and leader in its sector (retail, hotel industry and catering), Panamar Bakery Group is a Spanish manufacturer and distributor of frozen bakery products. It exports bread; its core business, Viennese pastries; and pâtisserie products to over 20 countries across four continents. Panamar Bakery Group relies on an integrated production and distribution network.

"We are embarking on this new chapter with confidence. The entrepreneurial spirit and family values that drive us form a common foundation that Le Duff Group and Bridor will continue to nurture. This merger is fully in line with Panamar Bakery Group's ambitions for the future," says Isabel Martinez, president of Panamar Bakery Group.

"Integrating Panamar Bakery Group enables Bridor to take another decisive step forward by becoming a global leader in bakery and Viennese pastry products and a major player in the Iberian Peninsula. It perfectly reflects our mission statement: to bring to life the bakery cultures of the world," explains Philippe Morin, managing director worldwide of Bridor.

The acquisition will allow Bridor to strengthen its global industrial and logistics capacity in the 100 countries in which it operates, the company says, and it is pursuing its global investment plan to accelerate its growth.

Bridor, global specialist in the manufacture of premium frozen bakery products, is investing in the construction and development of existing factories, as well as in acquisitions. The company's turnover has increased from $869 million in 2021 to $2.9 billion in 2026. This global investment plan should enable Bridor to double its turnover in 2031:

In North America: expansion of the Bridor plant in Montréal (2021); and in the U.S., acquisition of bakery company Lecoq Cuisine (Connecticut, 2022), expansion of the Vineland plant (New Jersey, 2025), construction of a plant in Salt Lake City (Utah, 2026), and construction of a plant in Texas (2028).
In Europe: acquisition of Panidor (Portugal, 2022); acquisition of Pandriks (Netherlands, 2024), continued investment in plants in Fulda (Frankfurt, Germany, 2024) and Meppel (Netherlands, 2025); construction of a plant in Falaise (France, 2025); construction of a speciality products plant in Switzerland (2025); acquisition of Panamar Bakery Group (Spain, 2026).
In Asia-Pacific: acquisition of Laurent Bakery (Australia, New Zealand, 2025); expansion of the Bridor plant in China (2025).

"Le Duff Group celebrates its 50th anniversary this year. It has grown steadily and strongly since its creation, largely due to three key factors: the stability of the teams because the only wealth is mankind; the quality and health of the products on the consumer's plate for their well-being; [and] ongoing innovation, in both products and services," says Louis Le Duff, president and founder of Le Duff Group and Bridor.

Bridor has grown alongside the greatest professionals in catering and gastronomy, it says. It supplies bread, Viennese pastries. and frozen pastries to 90,000 restaurants, hotels (4-, 5-, 6-star) and distribution professionals worldwide. The company collaborates with chefs such as Pierre Hermé, La Maison Lenôtre, and Les Meilleurs Ouvriers de France (Frédéric Lalos) to offer original creations inspired by bakery cultures of the world.

Thanks to its strong growth, Bridor recruits many talented individuals worldwide every year and trains them within its Academy, across all business areas and jobs, it finishes.