Pandriks adds Rinkelberg as minority shareholder

Squarefield acted as exclusive advisor to Pandriks in the addition of Rinkelberg as a new shareholder

On 27 June 2019, Rinkelberg Capital Ltd joined Pandriks Holding B.V. (‘Pandriks’) as minority shareholder hence strengthening Pandriks’ balance sheet enabling the company to satisfy increasing demand in its core markets. Founded by Albert Hendriks in 2013, Pandriks has been highly successful in producing, marketing and selling its high-quality stone-oven baked bread to leading retailers across Europe. The new round of funding allows Pandriks to accelerate its growth for the short and medium-term to keep up with demand.

Pandriks

Pandriks is based in Meppel (NL) and Fulda (D) and with some 150 employees produces conventional and organic bread for retail and food service clients across Europe. Both state-of-the-art production facilities have been purpose-built greenfield sites.

Peter van den Berg, CEO of Pandriks: “As our market continues to grow and consumers are increasingly looking for high quality bread products, we will continue to invest time and resources in our customers, products and assets. We fundamentally believe that the trend for high quality conventional and organic bread is irreversible and we are prime positioned to benefit thereof.”

On Squarefield’s contribution Peter van den Berg said:
“The Squarefield team knows our company inside out. This has allowed us over the last few years to work closely together in managing our above market growth. The Squarefield DNA fits closely with ours as we all maintain our long-term focus as entrepreneurs.”

2019