Finsbury Food Group completes Johnstone's Just Desserts acqusition
Bakery products manufacturer Finsbury Food Group has completed the acquisition of Johnstone's Just Desserts for an undisclosed amount.
Finsbury Food Group
110.00p
16:50 15/11/23
0.00%
0.00p
Food Producers & Processors
8,210.85
17:14 01/11/24
1.70%
137.55
FTSE AIM All-Share
739.00
16:54 01/11/24
n/a
n/a
The London-listed company first unveiled plans to acquire the cake producer, which supplies a number of coffee chains in the UK, on 6 May, as part of its strategy to expand into the foodservice cake channel and in particular the national coffee shop segment.
“Johnstone's Just Desserts will be a bolt-on acquisition and is in-line with our strategy to diversify into new channels,” group chief executive John Duffy said last month.
Finsbury Food shares were up 0.23% to 85.70p as of 08:42 on Tuesday.