Leading producer of frozen bread and pastries in Uruguay with 71% market share within the frozen bread category. Pagnifique’s business model consists of producing and marketing frozen pre-cooked bread under a B2B format. Its clients are supermarkets, restaurants, hotels and convenience stores. The Company operates state-of-the-art production facilities in Montevideo, Uruguay and Miami, Florida, US.
Hespery Company S.A. and Pagnifique USA Inc.
Country: Uruguay, USA
Investment Date: October 2013
Fund: LCP II
Current Status: Unrealized