NANTES, FRANCE — LINXIS Group, a leading supplier of specialized equipment for the baking industry, together with its key financial partner IK Investment Partners, announced the acquisition of Bakon, a specialist in food processing and bakery equipment, from managers and current investor Rabo Investments.
Bakon’s activity complements the “Portion Process” division of LINXIS, represented today by Unifiller, and enriches its expertise in depositing as well as ultrasonic cutting and spraying processes. Its experience in managing industrial line projects will enable LINXIS Group and its companies to address larger markets in terms of activities and geography.
“With Bakon’s acquisition, LINXIS Group will further strengthen its expertise and excellence,” said Didier Soumet, CEO of LINXIS Group. “Representing the third acquisition following investment from IK Investment Partners, we pursue our strategy of adding to our existing portfolio, companies and brands with deep knowledge and complementary technologies, in order to continuously develop solutions that closely meet the needs of our markets.”
This strategic acquisition expands the horizons for LINXIS Group geographically and internally.
“We are very excited to welcome Bakon into our Group,” said Tim Cook, CEO of Shick Esteve and VP of LINXIS Group. “Bakon will broaden our offering while providing a stronger presence in various strategic geographic areas. The sharing of best practices and processes amongst all the LINXIS companies will leverage the added value of our global solutions.”
According to Ronald Gijssel, CEO of Bakon, the match of business and corporate cultures will compound the impact of both organizations to serve their customers.
“All of us at Bakon are thrilled to be joining LINXIS Group, which will allow us to further improve our processes and organization, as well as the long-term continuity of our business and of the Bakon brand,” Gijssel said. “LINXIS companies complement Bakon’s offering with a worldwide reach, a focus on specialized equipment and high-value added services. Rabo Investments has greatly helped and stimulated us over the years, providing insight and support in terms of financial, strategic and commercial management. We have always been successful in finding the right partner for each phase of our company’s development and look forward to continuing our journey with LINXIS Group.”