Leading European dessert manufacturer, La Compagnie des Desserts (CDD), has merged with Manchester-based Destiny Foods – creating a global £60million turnover business.
The merger will help drive Destiny Foods’ mission to become the UK’s leading speciality dessert foodservice supplier, allowing the business to continue its growth plans by incorporating La Compagnie des Desserts’ continental dessert and patisserie ranges. This includes in-demand French patisserie, flans, breads and gelato ice cream products.
Destiny Foods founder, Richard Watts, retains the role of Managing Director, and there are no further changes to the existing company management structure.
CDD completed the deal through private equity firm, Argos Soditic, which takes a controlling stake in CDD’s capital alongside CM-CIC Investissement and CDD founders, Didier and Sylvie Barral.
Richard Watts, Managing Director at Destiny Foods, commented: “La Compagnie des Desserts is the ideal partner for Destiny Foods. Both companies share the same ethos and values in providing high quality desserts, excellent customer service and combined manufacturing facilities.
“We will pool our knowledge and product ranges to bring CDD’s quality French desserts and ice-cream to the UK market, as well as using CDD’s distribution network to better serve our European customers. This is fantastic news for Destiny Foods and its customers.”