Jobs saved in East Kilbride
Cake jobs saved in Finsbury group acquisition
Johnstone’s, a supplier to the leading national coffee shop chains, produces cake, including its renowned caramel shortcake. Unaudited turnover for 2014 was £9m.
The acquisition signals the escalation of Finsbury’s entry into the foodservice cake channel and in particular the high growth national coffee shop business.
Finsbury, which owns Lightbody Cakes, intends to work with the Johnstone’s management team at its site in East Kilbride to build on its strong customer relationships and market position and drive growth focusing on its high quality, well respected, coffee shop product ranges. All 150 employees will remain with the company.
John Duffy, chief executive of Finsbury Food Group, said: “Johnstone’s Just Desserts will be a bolt on acquisition and is in line with our strategy to diversify into new channels. This, illustrates the Group’s continued reach into the foodservice ‘out of home eating’ market and the broadening of our product offering and customer base.
“The strength of Johnstone’s customer relationships are testament to the quality of its products and we look forward to welcoming the Company into the Finsbury Group and providing the resources and investment to develop its full potential over the coming years.”