Panificio San Francesco passes to Danish Lantmännen Unibake, 1,2 billion in turnover

Lantmännen Unibake has completed the acquisition of Panificio San Francesco, a Lombardy-based producer of part-baked and frozen bread.

Founded in 2006, the company operates an industrial bakery in Codevilla, around 75 kilometres south of Milan.

Panificio San Francesco: turnover soars

The plant employs around one hundred people, while the company's turnover amounts to more than 33 million euros.

Over five financial years, from 2021, when it achieved 18 million, Panificio San Francesco has almost doubled, recording 15 million in growth in absolute terms.

The Lombardy-based company is in good health, with a net profit, still at last year's levels, of almost 3,6 million euros.

The Codevilla headquarters and plant

How much Lantmännen Unibake is worth

The Danish Lantmännen Unibake, founded in 1880, is a major international group headquartered in Copenhagen, also dedicated to providing sweet and savoury bakery solutions through plants in numerous countries and thanks to a presence that now reaches as many as 60 markets, spanning the Nordics, the Baltic region, Europe, the Americas and Oceania.

The multinational has 5.800 employees and boasts an estimated turnover of 1,2 billion euros. This scale enables it to supply virtually all channels: from food service to retail distribution, from wholesalers to catering, and even roadside service stations.

A 5,5-billion-euro agricultural giant at the helm

As part of Lantmännen Group, Lantmännen Unibake operates across the entire value chain. The parent company is in fact an agricultural cooperative and a leder, as well as being active in the primary sector, bioenergy and food products.

Owned by 17.000 Swedish farmers, Lantmännen has more than 10.000 employees, operations in over 20 countries and annual turnover of 60 billion SEK (approximately 5,5 billion euros). It controls and manages the entire supply chain, from field to table.

“Over the years, Panificio San Francesco has grown considerably, establishing solid relationships with key customers in the retail and discount channels,” says Massimo Sanchioli, shareholder and chief executive officer of Panificio San Francesco -. The companies that have chosen us will continue to be served by the existing teams, gradually benefiting from Lantmännen Unibake's broader capabilities and expertise.”

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.