On 9 November, our client, PAI Partners (“PAI”), a leading European private equity firm, announced the simultaneous acquisitions of Addo Food Group (“Addo”), the UK’s leading chilled savoury pastry producer, and Winterbotham Darby, one of the most innovative and dynamic chilled food suppliers in the UK, to create a leading UK Chilled Food platform.
Market leaders in their respective categories, Addo and Winterbotham Darby have experienced strong growth in recent years driven by their wealth of experience in added value chilled food, supplying high quality own label and branded products to UK grocery customers in addition to the convenience, foodservice and B2B sectors. Both companies’ success has been driven by high calibre management teams, which have demonstrated a strong track record in product innovation, operational excellence, and a commitment to building long-term customer relationships.
By bringing the two businesses together under one platform, both management teams will benefit from the sharing of best-practices, NPD and supply chain initiatives, in order to continue to deliver better results for customers and consumers, especially within innovation, category insight, quality and service.
The completion of the transaction is subject to customary regulatory approvals.
Stamford Partners were the financial advisors to PAI Partners on the transactions. We are delighted to have been able to help PAI in their singular achievement in simultaneously acquiring these two market leading companies.