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La Compagnie des Desserts announces partnership with Destiny Foods

20 December 2016 by
La Compagnie des Desserts announces partnership with Destiny Foods

European dessert manufacturer La Compagnie des Desserts (CDD) has merged with specialist patisserie distributor Destiny Foods.

The merger will create a £60m turnover business and will allow Destiny Foods to expand by incorporating CDD's dessert and patisserie ranges.

Destiny Foods founder Richard Watts will retain the role of managing director and the rest of the management structure will remain the same. Destiny Foods currently employs 160 people.

CDD completed the deal through private equity firm,Argos Soditic, which takes a stake in CDD's capital alongside CM-CIC Investissement and CDD founders Didier and Sylvie Barral.

Richard Watts, managing director at Destiny Foods, said: "La Compagnie des Desserts is the ideal partner for Destiny Foods. We will pool our knowledge and product ranges to bring CDD's quality French desserts and ice-cream to the UK market, as well as using CDD's distribution network to better serve our European customers. This is fantastic news for Destiny Foods and its customers."

Founded in 1990, Destiny Foods' clients include breweries, blue chip companies, sporting venues, premiership football clubs, high class hotel chains, restaurants and independent catering outlets. It has hubs in Manchester, Edinburgh and London.

Established during the 1980s, CCD generates revenues of €61m (£51m) through the operation of three frozen dessert manufacturing plants and one ice-cream factory in France as well as sales subsidiaries in Spain, UK, Switzerland and the US.

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