Warburtons to buy closed Rathbones bakery plant [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
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Source: Yahoo! Finance
In a statement, the bakery group said it has agreed a deal with Myton Food Group, the manufacturing arm of retailer Morrisons, for the land, buildings and machinery at the closed site in Wakefield, northern England. The facility will become Warburtons' 13th bakery. The acquisition follows Morrisons' closure of the loss-making Rathbones plant in January as part of a restructuring exercise. Rathbones had been under review by Morrisons since late 2024. Warburtons, which sells Toastie bread, bagels, and crumpets, plans to reopen the plant to make branded products. It did not disclose the purchasing price for the facility. Jonathan Warburton, chairman of the group, said: “We are extremely pleased to have agreed a deal on the former Rathbones site and look forward to welcoming new colleagues to the business very soon.” The family-owned business said the Wakefield site is expected to create more than 40 jobs across manufacturing, warehousing and distribution when it becomes oper
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