From Yahoo Finance: 2025-04-17 09:41:00

Olidor Group acquires majority stake in Four Anjels, a baked treats supplier. The financial terms of the deal remain undisclosed. Olidor plans to expand its product offering, increase production capabilities, and reach a broader market. Four Anjels, known for bespoke cakes, traybakes, and biscuits, serves food service and retail sectors.

Four Anjels will continue as a standalone business under Olidor, leveraging the group’s resources. Both companies aim to drive innovation and deliver quality products. Olidor’s CEO sees the acquisition as a milestone for growth and customer benefit. Olidor’s portfolio includes Brusco Food Group, The Original Baker, and The Artful Baker.

In 2023, Olidor reported a 79% increase in turnover, reaching £23.7m. The group’s gross profit rose by 171.6% to £5.3m, with an operating profit increase of 26.6% to £876,541. Olidor’s acquisition of Four Anjels aligns with its dedication to quality and innovation. Andrea Stevens, managing director of Four Anjels, looks forward to leveraging resources for more innovative products.

Read more: Olidor Group snaps up UK baked treats firm Four Anjels