Project Description
Client: Jumbo Supermarkten B.V.
Advise regarding the sale of HEMA bakeries to BACU
HEMA has agreed to sell its bakeries to BACU, the Uden-based supplier of bread, pastries and bread specialities. BACU supplies bread and pastries to Jumbo Supermarkets and will also supply to HEMA in the future.
The sale is part of the strategic focus that HEMA will be implementing in the coming years. The bakeries will remain closely associated with the HEMA brand as suppliers. This will allow the craftsmanship of the bakeries to be put to better use and will enable HEMA to focus even more on selling the products.
The cooperation with JUMBO Supermarkets regarding food is further strengthened by the new partnership, while both companies continue to carry their own products. By combining forces, the largest (pastry) bakery in the Netherlands is created. At the time of the acquisition of HEMA by Parcom and Mississippi Ventures, Jumbo provided a loan of 50 million, with the bakeries serving as collateral. As part of the transaction with BACU, this loan will now be repaid. Further financial details will not be disclosed.
Announcement date: November 24th, 2021
Client: Jumbo Supermarkten B.V.
Target: HEMA Bakkerijen B.V.
Buyer: B.A.C. Uden Bakkerij B.V. (BACU)
Seller: HEMA B.V.
