The strategic separation is designed to unlock shareholder value and allow both entities to pursue focused growth strategies tailored to their respective markets.
The new facility, expected to be completed and commissioned in 2026, will consolidate several smaller inland bakeries into a single high-capacity production hub capable of producing approximately 12,000 loaves of bread every hour.
The transaction is expected to close in the third quarter of 2026, pending standard closing conditions.
This project will support the development of industrial capacity dedicated to this strategic innovation for the Nutella brand by installing a production line unique in Europe.
The acquisition brings together Brace’s regional heritage and brand recognition with BPO’s growing experience of investing in British food businesses, including its recent acquisition of Roberts Bakery in 2025.