Maître Pierre has been acquired by Compagnie des Pâtissiers

The shareholders of Maître Pierre have sold the company to Compagnie des Pâtissiers. With this transaction, the combined group reinforces its market position in snacking and future growth potential with supermarkets, bakery chains and wholesalers.

Maître Pierre is the reference brand for the tarte flambée or flammekueche, a traditional dish from the east of France, with a delicious taste that has gained popularity worldwide. Established at Sarrebourg in Moselle since 1985, Maître Pierre has developed an unmatched savoir-faire in frozen products to create the perfect tarte flambée, using highly automated production methods. The company also supplies fine pies, quiches and snacks, among other products. It has a wide variety of recipes and formats, raw and baked products, with 61 references. Maître Pierre sells its products in supermarkets, restaurants, homes and Freezer Center in France, and in Germany and the US.

Founded in 1995, Compagnie des Pâtissiers is specialized in frozen pastries and an has authentic know-how, combining tradition and modernity to develop tasty and high-quality recipes. Its range includes ready-to-bake products for bakery chains, wholesalers and retailers; whole and pre-cut pastries, and individual already-baked pastries for wholesalers, bakery chains, snacking, coffee shops and retailers. Compagnie des Pâtissiers has two production sites in the heart of Provence and Normandy and has an annual turnover of US$40 million.

Oaklins’ team in France acted as the exclusive M&A sell-side advisor to the shareholders of Maître Pierre in this transaction.