Allens has acted for the shareholders of Bakery Du Jour on the sale of their business to international agri-food group, Lantmännen Unibake.
Victorian-based Bakery Du Jour produces more than 100 million pastries annually, supplying to supermarkets, airlines, restaurants, cafes, distributors and food service customers.
M&A Partner Mark Malinas led the team alongside Senior Associate Anna Schwartz.
'We are pleased to have worked with this family-owned Australian business to deliver a strong result in this growing sector,' said Mark Malinas.
'The deal represents continued evidence of increasing investment appetite for businesses in Australia's food and beverage sector. It will be interesting to see how sale processes for Arnott's and Lion Dairy and Drinks go in the remainder of this year.
'M&A activity in the food sector is a trend we expect to continue in the coming months.'
The sale of Bakery Du Jour is subject to regulatory approval.
Allens legal team
Mark Malinas (Partner), Anna Schwartz (Senior Associate), Yin Lim (Lawyer).
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.