A family run speciality bread and pastry maker in Milton Keynes has been bought out by bakery giant Warburtons.
Giles Foods, in Tanners Drive, Blakelands, is a family run business producing baked products including garlic breads, dough balls, French and Italian breads, Danish pastries, tarts and buns which are sold to retailers, restaurants, pub chains and catering companies.
The £26million turnover company was established in 1977 and now employs 300 people across sites in Milton Keynes and Warminster. Warburtons will run Giles Foods as a separate business, with the current management team remaining in place.
The investment is the first acquisition to be carried out by the fifth generation of the Warburtons’ family and supports its strategy of diversification.
David Rixon, managing director of Giles Foods said: “There was an enormous amount of interest from a broad range of potential partners, but Warburtons, its heritage and values ultimately made the decision very straightforward. We are confident that becoming part of the Warburtons business will allow what Giles Foods has done for 35 years to evolve and grow.”