Jones Village Bakery acquired by French bakery giant

Owen Hughes
·3-min read

A French bakery giant has acquired Jones Village Bakery in Wrexham - with plans for multi-million pound investments. Menissez has bought the controlling stake in the 900 employee North Wales firm, taking over from UK private equity firm Limerston Capital, who invested in the company in 2021.

The business will continue to be run by the existing senior management team, headed by Robin Jones, the managing director, and his brother Christien, along with operations director Simon Thorpe and commercial director Lesley Arnot.

It has seen new investment secured for a multi-million pound expansion plan that’s going to create 65 new jobs - with the promise of many more to follow.

READ MORE: Massive change on second homes and Airbnbs in part of Wales could come in this summer

READ MORE: UK's best and worst holiday park chains and the top rated resort in Wales

The first phase will see Jones Village Bakery installing a new production line to make bread rolls at its headquarters in Wrexham to cater for demand from new and existing customers. The highly automated state-of the-art line will make a range of morning goods and will be up and running by next year.

According to Robin Jones, the Village Bakery had a great number of potential suitors keen to buy into the company’s success story but Menissez was the “perfect fit”.

He said: “This exciting new partnership with Menissez will bring immediate investment into the business. They are a brilliant company and the family, headed by Laurent and Isabelle Menissez, are true global pioneers of the bakery industry and this is a long-term partnership that will benefit from the clear synergies between the two companies and the two families.

“Our cutting edge operation and the scope for future expansion will provide them with a UK production platform.

“The new production line will be the best, most modern equipment available anywhere in the world and will have a high degree of automation, underpinned by our craft bakery skills.

“We’ve always been keen to ensure that the bakery is run by bakers because we have a very proud heritage as a family business that’s celebrating its 90th anniversary this year.

“That’s why Menissez is the perfect fit because they have the same DNA as a family-run company with the same values because like us they focus on people, quality, customer service and innovation.

“We’ve been on an incredible journey and since Limerston became a shareholder in 2021 the business has trebled in size and we’d like to thank them for their involvement but we are now beginning a new chapter.

“We’re really proud to partner with Menissez because this significant investment will enable us to fulfil our huge potential in terms of growth and reach a whole new level. Being part of Menissez, which has a number of companies, including Van Rooy and Le Marie Patisserie in Europe and Boulart in Canada, will bring a host of benefits, not least helping us tap into their enormous distribution network, enabling us to reach new markets - both here in the UK and all over the world."

Join the North Wales Live WhatsApp community group where you can get the latest stories delivered straight to your phone

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Foreign investor that loaded Thames Water with debt takes control of UK gas network

    The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal.

  • Savings rates are destined to fall – here’s where to invest now

    Investors must soon make a decision or face their money being eroded as the Bank of England’s interest rate cut draws ever nearer.

  • 5.5% dividend yield! Is this FTSE 100 stock a great buy for dividend growth?

    A falling share price has supercharged the dividend yield on this FTSE 100 share. Here's why it could be a great passive income share for years to come. The post 5.5% dividend yield! Is this FTSE 100 stock a great buy for dividend growth? appeared first on The Motley Fool UK.

  • 3 top FTSE dividend stocks to consider buying before it’s too late

    When's the best time to buy dividend stocks? Surely it's when their share prices are low and the yields are at their highest, isn't it? The post 3 top FTSE dividend stocks to consider buying before it’s too late appeared first on The Motley Fool UK.

  • Warren Buffett Is in a Selling Mood. What’s Next?

    Berkshire Hathaway disclosed that it sold some 34 million shares in longtime holding Bank of America, which has done quite well this year. If past Berkshire practices mean anything, that may not be the end.

  • Raspberry Pi could become the next Nvidia stock says this broker

    One analyst team reckons Raspberry Pi could become a new technology giant. Might we be looking at the next Nvidia stock in the making? The post Raspberry Pi could become the next Nvidia stock says this broker appeared first on The Motley Fool UK.

  • UK shares: a once-in-a-decade chance to bag sky-high passive income

    The FTSE 250 is offering up incredible passive income opportunities right now. Our writer takes a look at one stock carrying a double-digit yield. The post UK shares: a once-in-a-decade chance to bag sky-high passive income appeared first on The Motley Fool UK.

  • Forget Nvidia shares, I’d rather buy this FTSE AI stock instead

    Despite Nvidia shares soaring in recent times, our writer explains why this FTSE pick might be a better stock to buy for her holdings. The post Forget Nvidia shares, I’d rather buy this FTSE AI stock instead appeared first on The Motley Fool UK.

  • I’d buy these investment trusts right now for my 2024 ISA

    Most of my Stocks and Shares ISA cash could go into investment trusts this year. But I need to narrow my choices. The post I’d buy these investment trusts right now for my 2024 ISA appeared first on The Motley Fool UK.

  • What next for the Lloyds share price, after a 25% climb in 2024?

    First-half results didn't do much to help the Lloyds Bank share price. What might the rest of the year and beyond have in store? The post What next for the Lloyds share price, after a 25% climb in 2024? appeared first on The Motley Fool UK.

  • Top UK Dividend Stocks To Consider In July 2024

    The United Kingdom stock market has shown stability over the last week and a modest growth of 4.5% over the past year, with earnings forecasted to grow by 13% annually. In this context, dividend stocks that demonstrate consistent payouts and potential for earnings growth are particularly appealing for investors looking to capitalize on current market conditions.

  • Russian central bank sharply hikes rates to 18%, promises further tightening

    MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 200 basis points to 18% on Friday, the highest level in more than two years, and vowed to continue tightening until inflation rates in an overheated economy come down. The Bank of Russia raised rates to 20% in an emergency move soon after the Kremlin sent Russian troops into Ukraine in February 2022. "For inflation to begin decreasing again, monetary policy needs to be tightened further," the bank said in a statement.

  • This FTSE 250 stock has smashed Nvidia shares in 2024. Is it still worth me buying?

    Flying under most investors' radars, this FTSE 250 stock has even outperformed the US chip maker year-to-date. Where will its share price go next? The post This FTSE 250 stock has smashed Nvidia shares in 2024. Is it still worth me buying? appeared first on The Motley Fool UK.

  • With a spare £380, I’d start buying shares with these 3 steps

    Our writer uses his stock market experience to explain how he would start buying shares now with just a few hundred pounds to invest. The post With a spare £380, I’d start buying shares with these 3 steps appeared first on The Motley Fool UK.

  • Is Mirion Technologies, Inc. (MIR) a Good Scientific Instruments Stock to Buy Now?

    We recently compiled a list of the 8 Best Scientific Instruments Stocks to Buy. In this article, we are going to take a look at where Mirion Technologies, Inc. (NYSE:MIR) stands against the other scientific instruments stocks. A scientific instrument is a device or tool used for scientific purposes, including the study of natural phenomena […]

  • UK's Virgin Media O2 loses more than 100,000 mobile contract customers

    British broadband and mobile operator Virgin Media O2 lost 118,400 mobile contract customers in the second quarter, reflecting weakness in the top-end of the market where innovation in new iPhones and competing devices has slowed. The company, jointly owned by Liberty Global and Telefonica, said it now had 15.9 million customers on monthly contracts. It also saw a 13,600 decline in its fixed-line customer base, with losses on its existing network largely offset by growth in its fibre network expansion.

  • Unilever PLC (UL): Is It a Good FMCG Stock to Buy Now?

    We recently compiled a list of the 14 Best FMCG Stocks To Buy Now. In this article, we are going to take a look at where Unilever PLC (NYSE:UL) stands against the other FMCG stocks. If you walk into a modern pantry, you’re almost guaranteed to find it well-stocked with everyday essentials like toilet paper, […]

  • First Bank of England rate cut since 2020 hangs on knife edge

    The Bank of England's first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4's election. Investors are left guessing whether recent higher-than-expected services prices are enough to prevent the central bank cutting rates from their 16-year high of 5.25%. Interest rate futures show a 50% chance of a quarter-point rate cut on Aug. 1.

  • My portfolio is ready for a 2024 stock market correction

    This Fool explores the benefits of being prepared for a stock market correction and considers which shares he plans to buy if one happens this year. The post My portfolio is ready for a 2024 stock market correction appeared first on The Motley Fool UK.

  • NatWest, an outperforming dividend stock I’d buy back in a flash

    This dividend stock has massively outperformed the FTSE 100 over the past 12 months. Our writer takes a closer look after H1 earnings. The post NatWest, an outperforming dividend stock I’d buy back in a flash appeared first on The Motley Fool UK.