Delice de France, the bakery specialist has completed a management buyout (MBO), with the help of a fully unsecured multi-million pound eight-year loan accessed through SME credit specialist Caple.

Delice de France was previously owned by its parent company Aryzta AG, global suppliers to the foodservice industry.

Thierry Cacaly, managing director, at Delice de France, said: “This bold move represents an outstanding milestone in the company’s 35-year history.  We have a passionate, focused and well-seasoned leadership team who are dedicated to our customers by finding new ways to serve them. As well as supporting our colleagues through continuous development.

“This loan will enable us to make Delice de France a real independent force driving up standards in the food and beverage sector.”

Delice de France is the largest specialist manufacturer and distributor of premium frozen bakery products in the UK.  The company has a reputation as a leading supplier of continental, ready-to-bake, specialities sourced from across Europe.