The division has four UK-based bakeries and one in Szczecin, Poland. It produces a range of cakes, pies and muffins for retailers.
Chairman of McCambridge Group Simon Webber said: “Following a strategic review of the business, it was agreed that our Cake Division has great potential and requires capital investment to realize that potential. Following approaches from third parties it was decided to consider a sale of the business.
“The Cake Division is growing both in sales and profitability so is an attractive option for a new investor. “
Webber added that employees would be transferred to the new owner if a deal is reached.