The transaction, which completed on Monday 2nd February was handled and negotiated by George Seward of Leicestershire based Corporate Mergers Limited.
FoodBlenders is a specialist blender of savoury dry mixes and is particularly well known for its expertise and capability in gravy mixes for the food manufacturing industry. The majority shareholder, Dominic Forty is to remain with the Business and continue to grow the business with the support and backing of Frutarom.
This is the fifth transaction that Corporate Mergers has been involved with in the Ingredients sector and all have been “Cross Border” deals – involving overseas partners.
Speaking about the transaction, Corporate Mergers MD George Seward said “Our expertise in selling privately owned food businesses, but particularly in this sector has resulted in a tremendous deal for the shareholders. We are very pleased for them”
Dominic Forty, FoodBlenders majority shareholder commented “Many thanks to you for the great professionalism that you have shown from day one, introducing us to perspective purchasers and guiding us through the entire process to completion. Both you, Julian and Lorna have invested a great deal of time into this project.”
Legal advice was provided by Julian Bond and Lorna Bennett of Glaisyers LLP in Manchester.
Further details can be found on our website or contact George Seward on the details below.
Corporate Mergers Limited.
The Atkins Building; Lower Bond Street; Hinckley; Leics. LE10 1QU
Direct Dial +44 (0)1455 244444
Mobile +44 (0)7710 501899
Posted on 3rd February 2015 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