19 July 2010, 18:09 PM
  • Speciality bakery Mantinga has been the first British business to receive financial backing from the Sameer Group, an East African investment company

While Mantinga will remain focused on the sale of authentic frozen bakery products to delis and farm shops, it will also seek to expand its wholesale offerings to include speciality drinks from Sasini Tea and Coffee, another investment of the Sameer Group.

“We are delighted to welcome the Sameer Group on board as a strategic investor in the business,” said Steven Mackintosh, owner and founder. “This is real turning point for Mantinga. The synergy with Sasini Tea and Coffee is an exciting development that forms a very important part of the expansion of our speciality bakery and coffee bar concept,” he explained.

Mantinga was founded in 2004 and is one of the leading frozen speciality bakery suppliers in the UK. The new investment secures 24 jobs in Gloucester and Chester, following the recent administration of Mantinga UK Ltd.  The existing management team will continue with the business.

“We are delighted to announce our expansion into Europe and are committed to developing our investments there. The investment in Mantinga provides an excellent route to market for our tea and coffee products and we look forward to working with Steven and his team,” said Sameer Merali at the Sameer Group.