Highland Baking Company, is a company with a strong track record in the U.S. market, delivering premium breads to the foodservice industry. The company operates two production facilities in Northbrook, Illinois and in Spartanburg, South Carolina and is recognized for its product quality and the depth of its customer relationships.

Europastry and Highland Baking have each built strong and trusted businesses with a passion for providing high-quality products, inspiration and partnership to their customers. As part of the agreement, Highland Baking Company will continue to operate under its current brand and management team, ensuring business continuity and maintaining relationships with its customers.

The transaction marks a defining step in Europastry's North American strategy, one of the most relevant and dynamic markets globally in the bakery sector. This transaction also represents another chapter in Europastry’s proven strategy to acquire, invest in, and grow iconic companies as it continues to enhance its overall footprint and product offerings. Following the acquisition, the Group’s annual revenue will exceed $2.3 billion globally.

Building on this platform, Europastry will roll out a significant investment program in the United States in order to expand production capacity, introduce new product categories and bring the Group's broader bakery innovation to American customers.

“This transaction is much more than an acquisition: it is the coming together of two companies that share values, a long-term vision, and the same approach to business. This is an exciting opportunity to create a broader, global bakery business, allowing Europastry and Highland Baking to both achieve their full potential,” said Jordi Galles, executive chairman of Europastry. “We have tremendous respect for the storied legacy that Highland Baking has built and look forward to welcoming the Highland Baking team. We are convinced that Highland is the ideal business to accelerate our growth in the United States.”

With this acquisition, Europastry strengthens its position as one of the leading global players in the bakery sector, reinforcing its growth strategy in the US market. The combination is grounded in a shared business philosophy: a focus on quality, a culture of continuous innovation, and a long-term, family-oriented approach to running the company. The combined company will have a deepened focus on bakery across categories and channels with attractive consumer tailwinds. The combination is founded in exceptional talent, technology and capabilities from two successful organizations with complementary geographic expertise.

The transaction remains subject to customary closing conditions, including regulatory approvals and is currently expected to close in the second half of 2026.