Investment company Argos purchases German bakery chain Kamps

European concern entity Argos has acquired German bakery concatenation Kamps from its existent owner, Le Duff Group, for an undisclosed amount.

The statement marks the extremity of a ten-year play successful which the French-based Le Duff Group owned Kamps.

Kamps operates a web of bakery stores chiefly situated successful high-traffic locations.

It presently has 340 outlets crossed Germany and the Netherlands and has 3.5 cardinal lawsuit visits each month. Around 98% of these shops are tally by 240 autarkic franchise partners.

Completion of the woody is taxable to customary regulatory approvals.

Argos has been assembling a bakery level successful Germany since it bought Bäckerei Schmidt successful 2024.

That concern has grown done some integrated enlargement and further acquisitions, and present operates astir 90 sites successful North Rhine-Westphalia and Lower Saxony.

Following the integration of Kamps, Argos volition oversee a bakery radical comprising much than 400 locations nationwide and is mounting up a caller radical operation arsenic portion of the deal.

Overall work for the enlarged bakery web volition remainder with Marc Kranz, who is to go radical CEO.

Bäckerei Schmidt volition proceed to beryllium managed by its existent managing director, Martin Manski.

Kamps managing manager Katharina Keil volition enactment successful complaint of the institution and proceed to steer its improvement unneurotic with the existent management.

Kranz said: “With our concern successful Kamps, we are laying the foundations for gathering a starring bakery radical successful Germany. Kamps is simply a strong, well-recognised marque with an fantabulous nationwide footprint.

“Combined with the strengths of accepted determination businesses specified arsenic Bäckerei Schmidt, we volition proceed to make the radical successful a targeted mode and unlock further maturation potential.”

"Investment institution Argos purchases German bakery concatenation Kamps" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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