Addo Food Group will be sold to private investor Lloyds Development Capital (LDC) for about £100M as part of a management buyout, an industry expert has claimed.
Luxury biscuit and cracker manufacturer Thomas J Fudge’s (TJF’s) has ended 100 years of family ownership, after a management buyout with help from investors.
Seabrook Crisps has been sold for £35M in a management buyout, after the Yorkshire-based manufacturer returned to growth with a post-tax profit of £1.3M last year.
Premier Foods may have to settle for a joint venture (jv) partner for its troubled Hovis bread business if it fails to secure an outright buyer, as it tries to reduce its mountain of debt and avoid the prospects breaching banking covenants.
Pork Farms owner Vision Capital is fishing for prospective buyers for the chilled savoury pastry manufacturer, FoodManufacture.co.uk can exclusively reveal.
Whitworths, the dried fruit, nut and seed supplier, has received a big cash boost after private equity firm Equistone Partners Europe Fund IV acquired a major stake in the Midlands-based firm.
Packaged grocery business Symington’s has undergone a management buyout, which follows press reports that the firm has plans to buy certain Premier Foods brands, including Angel Delight.
The acquisition of up-for-sale Ragu manufacturer Symington’s could be the key to unlocking the success of Premier Food’s non-core brands, according to city analysts, after reports of private equity interest in the businesses.
A major multi-national trade buyer is going to be the most likely bidder for frozen food firm Birds Eye Iglo, according to city analysts, after its owner Permira confirmed it was exploring a sale of the business.
As the search for the mystery suitor of Greencore continues, experts have ruled out food magnate Ranjit Boparan as a potential buyer saying there is “absolutely no possibility” that the 2 Sisters boss could be a contender.
Speculation was mounting about the mystery Greencore suitor, as Food Manufacture went to press, following the firm's announcement that an approach had been made.
Northern Foods could be looking to management buyouts (MBOs) as the best way of offloading some of its traditional businesses as part of its radical...
