Sale of Essential Cuisine to Solina Group
On 9th May 2018, Solina Group announced the completion of the acquisition of our client, Essential Cuisine Limited, from Nigel Crane, Neil Corlett and Jamie McGregor, the shareholders of the Company.
Headquartered in Winsford, UK, Essential Cuisine has a leading position in the UK foodservice market through a range of kitchen-made quality products such as stocks, jus and gravies. Essential Cuisine is a premium foodservice brand trusted and endorsed by chefs across the UK. Since founding the company in 1995, Nigel Crane and the shareholders have built an established player in the UK foodservice market with 70 employees generating sales of €15m in 2018.
For Solina, a leading European producer of savoury ingredients for the food industry, the acquisition represents the latest step in its growth strategy across the European food market and its second acquisition in the UK.
Nigel Crane, founder and shareholder of Essential Cuisine said “Essential Cuisine today is an important player in the UK foodservice and ingredients market following fast growth over the last 15 years, based on an effective business model and a strongly motivated team. As shareholders we realised that maintaining such growth on our own becomes more and more difficult and we decided last Autumn to find the right future partner for Essential Cuisine. Solina is the best partner for us and for the future of our organisation, with interesting potential synergies. The combined group will become stronger and a more attractive partner for our UK customers”.