Compagnie des Desserts acquired Destiny Foods, a UK-based frozen pastry manufacturer, with a €10 million investment from Cerea Dette to strengthen its market presence and enhance product offerings in the high-end food service sector.

Information on the Target

Founded in the 1980s, Compagnie des Desserts (CDD) has established itself as one of Europe's leading manufacturers and distributors of frozen desserts specifically intended for the restaurant sector. The company operates three frozen pastry factories and one ice cream factory in France, along with commercial subsidiaries in Spain, the United Kingdom, Switzerland, and the United States. Destiny Foods, on the other hand, has become a prominent reference in the UK high-end frozen pastry market for food service over 26 years. The company operates its manufacturing site located in Manchester.

Industry Overview in the UK's Frozen Dessert Sector

The frozen dessert market in the United Kingdom has shown significant growth, spurred by increasing demand from both independent restaurants and larger chains. The growing trend of gourmet offerings in food service has led to an uptick in sales of premium frozen desserts, with consumers seeking quality and innovation. As a result, companies within this sector are focusing on expanding their product ranges to attract a more discerning clientele.

Moreover, the rise of the hospitality sector, particularly in the wake of recent economic recovery and an increase in dining out, has further fueled the growth of frozen dessert manufacturers. This has created opportunities for business