Puratos, innovator in the bakery, patisserie, and chocolate industry, acquired Pennant Ingredients, a provider of speciality bakery products and solutions to the North American Quick Service Restaurant, foodservice and retail in-store bakery channels.

Pennant Ingredients is a large baked goods supplier for the foodservice and retail markets operating in the United States.

“This acquisition will allow us to increase our positioning in North-America, especially in the foodservice”, says Daniel Malcorps, Chief Executive Officer of Puratos.

With more than 70 years of expertise in producing and delivering ready-to-use mixes and toppings, Pennant Ingredients, located in Rochester, New York, generates more than 70 million dollars in sales and employs 100 people.