A family owned bakery with operations in Derbyshire and Cheshire has successfully raised £18m to fund significant investment and upgrades to plant and equipment.
The bakery, owned by Frank Roberts & Sons Limited is a fourth generation family business dating back to 1887, and is the fourth largest retail bread brand in the UK. The company serves a mix of national branded retail, own label, food to go and food service customers, under key brands Roberts Bakery and Little Treats.
Mike Roberts, family member and Deputy Chairman of the business commented: “The new funding puts us in a very strong position and allows us to really invest in the future growth of our business and advance on our journey towards Net Zero Carbon. We’re constantly innovating new products alongside our core offerings and we now have the opportunity to ensure our bakery uses the most modern equipment and continues to produce the best quality products available on the shelves.”
PwC Debt & Capital Advisory advised the company on the financing, led by director Dominic Renshaw and supported by Ash Jacobs and Sam Morkel.
