Companies

Longford-based Panelto Foods acquired by private equity backed European Bakery Group

The privately-owned Irish bakery company will be folded into a new European-wide company that owns other bakeries in Germany and the Netherlands

Panelto Foods: chief executive Brian O’Grady (right) said the deal would help the firm ‘capitalise further on the growth opportunities within the UK, Ireland and Europe’. Picture: Maxwells