On January 30, IDAK Food Group annouced the acquistion of Kern & Sammet AG by it’s subsidiary Romer’s Hausbäckerei.
“Kern & Sammet is a high-quality manufacturer of frozen bakery goods and is therefore an excellent fit for our company, which specializes in fine frozen bakery products,” says Raymond Nef, Managing Director of Romer’s Hausbäckerei. “Both K & S and Romer’s are passionately committed to the bakery trade and are established suppliers in the market. We also share a profound understanding of our customers and the gastronomic environment,” Nef notes.
IFBC acted as exclusive Financial Advisor to IDAK providing M&A buy-side financial advisory as well as financial due diligence services.
