A quiet mid-summer deal has given Poland’s Inter Europol full ownership of Pan Pek, Croatia’s best-known bakery-café chain. Inter Europol bought 100 % of the company from Enterprise Investors in July 2025. The price wasn’t made public, yet it’s Inter Europol’s initial step in international expansion outside Poland. Acquired 100 % stake on August 5, 2025, marking the first time the Polish group has invested beyond its home country.
Enterprise Investors originally acquired majority ownership in Pan-pek in 2018 and completed full ownership in 2020.
Pan Pek runs 70 cafés across Croatia, sells more than €50 million of breads, cakes, sandwiches, and regional treats each year, and employs close to 800 people. Its two large baking plants sit in Zagreb and Đakovo. This deal is Inter Europol’s tertiary purchase in the bakery industry in the last 18 months, after buying Polish brands Primavika and Trimar earlier.
70 cafés, €50 million sales, 800 staff—Pan Pek joins Inter Europol’s third bakery purchase in 18 months after Primavika and Trimar.
Inter Europol started in 1989 as a family business. It now delivers fresh and frozen bakery goods across Europe using natural, clean-label recipes. With the Pan Pek addition, the group sees an easy fit for shared production know-how and new distribution routes in the Adriatic region.
Sandra Vojković, Pan Pek’s CEO, will stay with her existing team and daily work remains unchanged. Extra funds from the new owner are earmarked to enlarge the plants, widen the product list, and open new locations while safeguarding Pan Pek’s Croatian culture.
Local shoppers may not notice any sudden change, but behind the scenes Inter Europol plans to blend its scale with Pan Pek’s strong brand image. Frozen croissants and regional loaves could soon travel from Đakovo to supermarket shelves further north, giving the combined firm a larger slice of southern Europe’s growing bakery industry.
Pan Pek and rival Mlinar already share over 70 % of Croatia’s branded bakery café market; Mlinar was bought last year by Bosqar for €100 million in a similar wave of deals. These moves show investors betting on steady growth in Central and Southern Europe’s food markets.
For employees, the deal promises job security plus chances for new training tied to product development, sales expansion, and digital ordering systems. For customers, more variety, fresher pastries, and wider availability lie ahead, backed by a Polish family firm keen to prove its regional ambitions.
