A long-established family bakery in Gateshead has been sold to another North East firm.
Barry’s Home Bakery is a wholesale and retail bakery business which has three shops in Gateshead.
It was set up in 1957 by pastry chef Harry Nickerson and his wife June after a trip home to Tyneside showed him the opportunity to open his own bakery
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The family-run business was put on the market due to retirement and attracted interest from a wide range of potential buyers.
It has been acquired by Northumberland-based Penny Petroleum, which started as a single petrol forecourt in Powburn and has grown to encompass 90 sites and more than 1,100 workers around the 海角视频.
Vicky Hennessy, from Penny Petroleum, said: “We are delighted to have purchased Barry’s Bakery.
“It is a fantastic addition to Penny on the Move.
“As a family-run business with strong roots in the North East, Barry’s Bakery aligns perfectly with our values. We’re excited to explore how the bakery can work in synergy with our existing operations and contribute to our continued growth.”
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Former owner Aaron Nickerson added: “We are thrilled to have finally sold our business and we are excited to begin our retirement.
“Barry’s Home Bakery has been our family business since 1957, so taking the decision to sell was not one we made lightly. To that end we are immensely pleased to have sold to Penny Petroleum who I am sure will grow the business and achieve great success.”
The sale was handled by property agency Christie and Co. Director Andrew Birnie said: “I have specialised in the sale of convenience stores, newsagents, post offices, petrol stations, and more recently garden centres, for over 20 years, and so Barry’s Home Bakery presented an exciting new challenge. This is a well-run, profitable and respected business, and we worked together to market it effectively and find the right buyer.
“With the assistance of lawyers, in particular Michael Shuker and the team at Square One law, we were able to complete this transaction, and we wish the best of luck to our clients Aaron and Barry, and to Penny Petroleum in their plans for the future of the business.”
The business was sold at an undisclosed price.