Investcorp acquires Tyrrells
On 1st August 2013, our client Investcorp acquired Tyrrells Potato Crisps, a leading UK manufacturer of premium hand cooked potato and vegetable crisps and snacks, from Langholm Capital for £100 million.
Founded at Tyrrells Court Farm, Herefordshire, in 2002, Tyrrells has grown its UK distribution rapidly and has also expanded internationally, with markets such as Germany, France, the Netherlands and North America today accounting for approximately 20% of group turnover. The company employs 270 people and generates in excess of £100 million in retail sales value.
Investcorp, a leading global alternative investment manager with significant experience in backing premium consumer businesses, is attracted by the opportunity to support Tyrrells’ entrepreneurial management team, led by David Milner, in executing ambitious growth plans both in UK and internationally, leveraging Tyrrells’ differentiated brand and high quality product range. We wish management and Investcorp the best of luck for the next stage of Tyrrells’ exciting journey.