Clearwater International advises Bouvard Group on the partnership agreement with Lago Group
Clearwater International, acted as financial advisor to Bouvard Group on the partnership agreement with Lago Group, a leading company in the pastry and bakery sector with 2 factories and a consolidated turnover for 2018 of over €52m.
Bouvard Group is Europe's leading producer of biscuits and bakery products with 14 plants split between Europe and the US, a consolidated turnover for 2018 of over €350m and a strong presence throughout Italy via its Bouvard Italia and Forneria Gusparo subsidiaries.
The agreement allows the Bouvard Group entry into the capital of Lago Group held by the Lago family which will continue to manage the company assisted by the new Managing Director, Pierre Josselin.
Thanks to this partnership, Lago Group will consolidate its own brand leadership by expanding its product portfolio through the large product range of Bouvard Group which, with its commercial strength and its know-how in Private Label and Co-Manufacturing, will be able to offer products made by Lago Group factories.