Giles Foods Bought By Warburtons
Bread and pastry manufacturer Giles Foods, who are tenants in HPH’s Northands Industrial Estate in Warminster, has been bought by Warburtons.
The acquisition of the company, which has 300 members of staff at its bases in Warminster and Milton Keynes, is the first to be carried out by the fifth generation of Bolton – headquartered bread maker since it took control in 1991. It forms part of its plans to diversify its offering to grow the business.
Giles Foods posted a pre-tax profit of £1m on turnover of £26.3m in 2012 and makes unbranded baked goods including garlic breads, dough balls, French and Italian breads and tarts which are sold to retailers, restaurants, pun chains and catering companies.
Warburtons said it would run Giles Foods as a separate business with the current management team remaining in place.
Giles Foods managing director David Rixon 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.”