Staple Dairy Products in management buyout
Managing director Kim Palmer, sales and marketing director Michael Brown and finance and operations director Bob Stubbins have taken control of the business from founder Derek Robbins. The acquisition was achieved through a combination of financial support provided by HSBC Bank, and private investment by the new owners.
The business supplies cheese, butter, aerosol cream, convenience egg products, microwavable rice and individually quick frozen vegetables to the retail, foodservice and food manufacturing sectors.
Palmer said: “We are delighted to have completed the acquisition of Staple Dairy Products and look forward to continuing building on the strong business established by Derek in 1976,” he said. “The UK food industry continues to go from strength to strength, which makes us very confident of a long and successful future.”
He added that growing the business’ range was a priority and that the trio intended to change the company’s name to Staple Food Group to reflect this shift.
“Our strategy is to continue building and evolving our portfolio of brands and new products, and to increase our retail presence, whilst retaining and developing our strong partnerships with key suppliers and customers. We also intend to adjust our trading name to ‘Staple Food Group Ltd’, which better reflects the diverse portfolio of products we supply to retailers, wholesalers, food manufacturers and the foodservice sector. It is an exciting and positive time for the management team and our loyal employees.”
Founder of the business Derek Robbins added: “Kim, Michael and Bob have extensive experience within the food industry and have supported me during this transition period. I am proud to hand over the reins to them and look forward to watching the business continue to flourish under their tenure.”
Meanwhile Müller Milk & Ingredients has announced a major review programme for its entire business.
