IDAK Food Group’s subsidiary Römer’s Hausbäckerei has acquired fellow Swiss bakery business Kern & Sammet for an undisclosed sum.

This safe and effective technique increases the shelf life of fresh produce in the freezer by up to eight months at once.

ITC will acquire an initial tranche of 43.8% upfront, with the remaining stake to be purchased in tranches by June 2028, subject to valuation parameters.