Bäcker Görtz

Bäcker Görtz is a leading bakery chain in the Rhine-Neckar region in South-West Germany with a network of approximately 200 branches and a tailored product offering of baked goods and out-of-home meals

Investment Thesis

• ​Eating out-of-home is a consumer macro trend that will drive market growth for many years to come, and Bäcker Görtz is well-positioned to serve this need. ​Over the last decades, Bäcker Görtz has demonstrated strong growth by building a state-of-the-art production facility, highly automated planning and distribution capabilities and continuously extending its branch network
• With the investment, FSN and Bäcker Görtz want to create a leading producer and retailer for both at-home and out-of-home food in the EUR 15 billion German bakery market
• The investment in Bäcker Görtz is in line with FSN Capital’s approach to support founder-led businesses in their next stage of growth

Main Transformation Initiatives

• Continue organic growth by expanding existing branch network within adjacent regions
• ​​Accelerate growth via add-on acquisitions in large and fragmented German market​
• Drive best practice operations and sustainability