The two management teams will combine as one board, with Compleat MD and owner Tim Scarborough taking over as commercial director of the newly formed company and Donatantonio’s Simon Bell becoming group chief executive.
Commenting on the deal, Scarborough said: “This is an exciting time to be joining forces with a company that shares our ethos and passion, and represents a great opportunity to use our combined strengths to meet diverse customer needs in an ever-changing environment.”
The businesses will continue to operate unchanged in the short term while dedicated project teams look to combine and optimise the new company’s culture and operations over the coming months.
Bell added: “Our two businesses share a commitment to product quality and customer service, which will continue to be at the heart of everything we do and we look forward to enhancing our offer to customers and creating new opportunities for our suppliers.”
Compleat Food Network specialises in the importation of dry ambient and canned goods from around the globe, with a focus on products coming from Italy – particularly pasta and pulses. Compleat imports 8,000t of Italian pasta a year and is able to hold up to six weeks’ worth of stock for customers.
Supply chain big interview
Scarborough was the focus of our supply chain big interview in April, as he talked about his 20 years of experience as a food importer and how the business began with a nudge in the right direction.
Meanwhile, Kerry Group is to increase its US portfolio with the acquisition of two ingredients companies.
Ariake USA, the North American division of Ariake Japan Co, and Southeastern Mills North American coatings and seasonings business are to be acquired for a total of €325m (£292m).