Troy Foods acquired by Fylde, Fresh & Fabulous

By Gwen Ridler

- Last updated on GMT

Troy Foods has been acquired by Flyde, Fresh & Fabulous for an undisclosed sum
Troy Foods has been acquired by Flyde, Fresh & Fabulous for an undisclosed sum

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Troy Foods has been acquired by potato growing and processing business Fylde, Fresh & Fabulous Group for an undisclosed sum.

A total of 104 employees have transferred to the Fylde Fresh and Fabulous Group as part of the transaction, which was led by a team from Interpath Advisory and Addleshaw Goddard.

Troy Foods (Salads) Ltd, while a related entity, is not part of the transaction and will continue to trade under its existing management and ownership.

Securing Troy Foods’ future

Commenting on the sale, Interpath director Neil Morley said: “We are pleased to have concluded this transaction which secures the future of the business by providing a new platform upon which it can move forward.”

Established in 1921 by John Kempley Senior as a potato merchant, Troy Foods employed 400 people across its four Yorkshire sites and supplied a selection of prepared vegetables for ready meals and retail packs in leading supermarkets.

In 2020, the company completed its fourth factory in Lofthouse, Wakefield​ dedicated to the preparation of freshly prepared ready-to-eat vegetables.

‘Leading potato supplier’

Fylde Fresh and Fabulous Ltd, established in 2005, is one of the UK’s ‘leading’ potato growing and processing businesses, supplying ready meal manufacturers, the food service sector and over 500 fish and chip shops with a range of peeled potato products. It also supplies heat and electricity to over 600 homes through its Biogas plant near Preston.

Fylde Fresh & Fabulous director Corin Bradley added: “We have known and respected Troy Foods for many years. It is a natural fit for our already established business.”

Meanwhile, sausage casings manufacturer Devro has agreed to a £540m takeover offer​ from Selm, Germany-based Saria.

The acquisition of Devro implied an enterprise value of £667m, equivalent to a multiple of 10.9 times enterprise value to earnings before interest, tax and amortisation for the 52 weeks ended 30 June 2022.

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Troy foods sale

Posted by Mr x,

Disgusting practices, disregard for employees and employment law. Also When Leeds city counsil find out about unauthorised modifications to counsil drainage systems and illegally painted yellow lines outside head office, then mayby they will realise that regardless of status, the law is absolute.

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Posted by Friend,

I agree with you. Mr. phil B. knew what the most valuable he could take from any place. did a good job lol

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Troy foods sale

Posted by Steve cogan,

Great to see you put a positive spin on the sale. Such a shame you didn’t mention how for weeks assets in the form of machinery and equipment have been removed and hidden from this site prior to insolvency and all of the employees that were made redundant with all wages and any payments for redundancy withheld forcing those employees to claim it back from the taxpayer.

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