W.C. Rowe (Falmouth) Limited Acquired by Iberia Industry Capital Group Sarl
Cornish craft bakery WC Rowe was acquired by investment firm Iberia Industry Capital (IIC).
Rowe’s, which operates 17 branded stores and five branded concessions in Asda and Tesco stores across the southwest, supplies branded and own-label goods to major multiple and independent retailers regionally and nationally. It has been family owned for 60 years and produces award-winning hand-crimped cornish pasties.
The bakery’s senior management team will remain in place and will work “hand-in-hand” with Iberia Industry Capital, which is a specialist in acquiring companies with “significant, but untapped potential and developing them into industry leaders”.