Pastry maker Addo Food Group confirms sale to LDC
Last month (April 20) saw Addo Food Group sold to private investor Lloyds Development Capital (LDC), in a deal estimated to be worth £100M.
LDC invested in Addo – owner of the Pork Farms brand – to support its growth strategy, it said, including more product development, expansion into new markets and potential acquisitions.
Addo group md Chris Peters said: “We are very excited about our partnership with LDC, to help us further unlock the potential we see in the market.
“LDC has really bought into our vision and plan, and the whole Addo management team is looking forward to working with our customers, our employees and our investment partners to deliver the next exciting phase of our growth story over the coming months and years.”