Barilla Holdings, the Italian pasta maker owned by the founding Barilla family, announced yesterday it plans to sell all of its shares in its subsidiary baking group Kamps GmbH to private equity company Equity Capital Management.
Kamps is the bakery chain of Lieken AG, a wholly owned subsidiary of Barilla Iniziative. The sale includes around 900 bakery shops, five plants that supply those shops and 1000 employees from the German part of the business.