Cottage Delight said the takeover was a “positive step” for the business, and offered it the chance to grow within the retail sector. Vestey Holdings said the acquisition was a “great opportunity” to boost its branded fine foods sector, while developing Cottage Delight brands.
Vestey Holdings ceo George Vestey said: “We are pleased that Cottage Delight is joining our Fine Foods Group. As a premium offering, Cottage Delight supports our focus on product quality, heritage and supplying a discerning and loyal customer base.
‘Branded fine foods sector’
“This acquisition is part of Vestey Holdings’ UK strategy, and Cottage Delight is a great opportunity for us to strengthen our presence in the branded fine foods sector. We look forward to working with the existing team in developing the business.”
Vestey Holdings – which owns the Cresswell Farms, Fulwood Farms National Parks and Beyond the Beaten Track brands – had a long-term investment strategy focusing on a number of food businesses, it said. The firm would continue to expand in the UK with the Cottage Delight deal, and “further consolidates its position as a supplier of high quality, speciality foods,” it claimed.
Cottage Delight – based in Staffordshire – believed Vestey Holdings would support it evolve, and develop its products and service to the retail sector.
‘A positive step for the business’
Cottage Delight md Jason Moody said: “This is a positive step for the business, which provides us with an opportunity to continue our growth within the retail sector. [It will] develop the Cottage Delight product range, with the support of Vestey Foods who share our philosophy and ethos for building successful businesses for the long-term.
“We have a product line that is highly sought after by consumers and by being part of the Vestey Group, we can ensure that we can continue to bring new, exciting products to the market place.”
Meanwhile, ingredients manufacturer Chaucer was acquired by Japanese instant food manufacturer Nagatanien last week. The deal, worth more than £95M, would allow Chaucer to expand into new and existing global markets.
Vestey Holdings acquisition of Cottage Delight – at a glance
- Deal agreed for an undisclosed sum
- Vestey Holdings said deal would further cement its position as a supplier of speciality foods
- Vestey Holdings would allow Cottage Delight opportunity to continue growth