Sale of Bart Ingredients to Fuchs Group
On 19th October 2017, it was announced that our client, Langholm Capital LLP, had sold portfolio company, Bart Ingredients, to Fuchs Group, Germany’s largest spice producers, for an undisclosed sum.
Bart Ingredients is the second largest branded herbs and spices company in the UK. Founded in 1963, the Bristol-based company specialises in the production of cooks ingredients, including herbs, spices, seasonings, home baking, sauces and pastes and offers over 500 products to the consumer. With a revenue of over £25 million, over the past years, Bart Ingredients has consistently strengthened their position in the market. In 2013 Bart brand was relaunched with the award winning innovative “spoonkler” and is the premium brand in the market.
The United Kingdom is the third largest market for herbs and spices in Europe. By acquiring Bart Ingredients, the Fuchs Group continues their international growth strategy and significantly enhances their position in the UK market. Fuchs is the largest German herbs and spices producer and largest privately held herbs and spices company worldwide.
David Collard, CEO of Bart Ingredients, said “We are delighted to be joining the Fuchs family. We have admired their leadership in our industry and believe that our strategies are totally aligned. We look forward to developing our business as part of The Fuchs Group”.
Stamford Partners acted as financial advisor to Langholm Capital LLP and the management of Bart Ingredients.