Boparan Private Office, the investment firm owned by Ranjit Singh Boparan, has rescued Roberts Bakery, safeguarding over 400 jobs and ensuring the survival of the 138-year-old business.
An undisclosed investment has led to the formation of a new company, Roberts Bakery 1887 Ltd.
The agreement secures the jobs of 433 Roberts employees across three factories and ensures the long-term future of the business.
According to a statement, Roberts Bakery 1887 Ltd will join the Boparan Private Office portfolio, benefiting from “the backing and expertise of a strong and diverse enterprise with established interests in the bakery sector.”
The partnership will strengthen the existing management team and introduce new talent to the business, ensuring “a sustainable and exciting future for this iconic brand,” the statement added.
A spokesperson for Boparan Private Office said: “We are proud to play a part in preserving this iconic bakery, its people, and its heritage. Frank Roberts & Sons has been at the heart of the community for over a century, and we are committed to supporting its long-term success as Roberts Bakery 1887 Ltd.”
In a statement on the investment, the Roberts family added: “The Roberts family are profoundly relieved that the business has been saved by a consortium of the management team backed by BPO and that there will be a recovery plan to ensure it can prosper and thrive and that so many jobs will be saved. We are of course sad it will no longer be us who are there to share in this new opportunity.
“It has been our utter privilege to have known so many of the people who have worked with us, and we wish you all our very best wishes for the future.”
The financial terms of the transaction have not been disclosed.
