KBS - Food Manufacturing - Market Insight

SECTOR DEAL ACTIVITY

Bodmin-based food manufacturer Proper Cornish, renowned for its Cornish pasties, was acquired by French quality food producer Boncolac, a frozen sweet and savoury baked products specialist. As a high-performing and dynamic manufacturer of savoury products, Proper Cornish held considerable appeal to Boncolac, whose headquarters is in Toulouse with the Group backed by Waterland Private Equity Investments which operates across Europe. PROPER CORNISH ACQUIRED BY BONCOLAC KBS DEAL Yorkshire-based Regal Food Products Group has acquired Love Cheesecakes. The company produces over 100 varieties of handcrafted cheesecakes for wholesale, food service, and the hospitality sector. LOVE CHEESECAKES ACQUIRED BY REGAL FOOD PRODUCTS GROUP

Scottish cake manufacturer Lees Foods, known for snowballs and teacakes, was acquired by Finsbury Food Group for £5.7m. Lees employs over 200 staff at its Coatbridge site. LEES FOODS ACQUIRED BY FINSBURY FOOD GROUP

Soho Sandwich Company, which distributes over 15 million sandwiches annually across the UK, was acquired by Around Noon. This deal is expected to increase the group’s turnover to £100m. SOHO SANDWICH COMPANY ACQUIRED BY AROUND NOON Highly regarded ice cream wholesaler Gortrush, which serves clients in Ireland and England, was sold to a Norwegian acquirer owned by Orkla, a supplier of branded consumer goods to sectors including grocery, pharmacy and bakery. Gortrush has seen significant growth since its foundation with a strong workforce, high-quality products and an excellent reputation driving success. OVERSEAS ACQUISITION OF GORTRUSH KBS DEAL Café Deli, a food and beverage wholesale company which supplies retailers across London, was sold by KBS Corporate to The Partyman Company, a leisure and entertainment group whose CEO described the acquisition as “a marriage made in heaven” due to the synergies with its existing operations. The vendor of Café Deli posted a five-star Google review saying “KBS has been excellent during the process of selling my business”. CAFÉ DELI ACQUIRED BY THE PARTYMAN KBS DEAL UK-based frozen food supplier Glendale Foods, specializing in frozen snacks and processed meats, has been acquired by investment firm Shallan Group. Based in Salford, Glendale serves UK retailers, the airline industry, and other food manufacturers. GLENDALE FOODS ACQUIRED BY SHALLAN GROUP