Four new disposal projects have been started by Corporate Mergers this autumn. These coincide with a couple of transactions completing and one in the final stages of Legals. The Winter looks as though it will be busy for Corporate Merger’s George Seward. “It looks as if the drought in deal flow is finally coming to an end after three years of comparatively low deal flow across all sectors, but particularly in the SME marketplace” said Seward.
The Businesses being discreetly sold include a Halal Beef and Lamb Slaughterhouse; a Food Flavourings Business; a Continental Meats Importing Business and a distributor of high end catering food stuffs to a wide range of quality independent hotels and restaurants across the UK and overseas. All the Business opportunities are privately owned businesses and George Seward expects that some of these will be sold relatively quickly. Three of the four are listed below.
Project Guardian is a Beef and Lamb Slaughterhouse, boning and wholesale Business. The Business is successful and has a turnover of circa £15m with EBITDA in excess of £1m. It has a strong Balance Sheet and is cash generative.It has a variety of accreditations including EEC, Halal (both stun and non-stun) and Kosher. It is based in England. Depending on mix, the Business can process up to 600 Cattle or 10,000 sheep per week. There is no concentration within the predominately independent customer base.
Project Saporum is engaged in the supply of food and beverage ingredient solutions; covering flavourings and functional ingredient solutions. The Business, which is profitable and successful, supplies both Blue Chip and Global food manufacturing customers with a range of health orientated flavour solutions. Sales are currently made in the UK, USA, Europe and Australasia. Additional opportunities have been identified in North America and Canada; Philippines and Europe.
Project “Gold” is a retirement sale (owner to provide handover for as long as reasonably required) of a business supplying an extensive range of over 6000 products to high quality hotels, restaurants, pubs and deli’s. It has a local network of customers, supplemented by 30 years of experience of national overnight deliveries. It has a small amount of overseas trade. The product range is mouth-watering, the presentation is eye catching and the Business has the capability to support a threefold increase in turnover at the existing facility, with little CAPEX. At that rate it would churn cash out. The Management team is capable, experienced and the vendor will stay until a buyer is put in place. There is a calm aura of professionalism about the place. Turnover is £3.5m, and its making £200-£250k most years. Net Assets are around £1m and its debt free.
Corporate Mergers specialises in the sale and purchase of privately owned food businesses and further details on all of these opportunities can be obtained by calling George Seward on 01455 244444 or by email to email@example.com
Posted on 11th November 2013 by George Seward | Permalink
Our principal, George Seward, has enviable expertise and experience in the field of food business sales and mergers.
The news presented in our blog is all written by George. Should you wish to speak to him about any of the issues discussed, please call our office directly on:
01455 244 444