Brand behind Britain's favourite sweets for sale

Thu, 15 Feb 2018 | BUSINESS SALE

Some of the UK’s most beloved confectionery brands - including Barratt, Dip Dab and Sherbert Fountains - are being put up for sale by their private equity owner with a £110 million price tag.

Tangerine Confectionery, the parent company for several classic sweet products such as Fruit Salad and Black Jack, is to be auctioned later this year by Blackstone, the multinational private equity firm that owns it.

The sale will be advised by Houlihan Lokey, an investment bank. Industry insiders expect the business to fetch somewhere between £100 million and £120 million.

Though it typically aims for much larger acquisitions, Blackstone took control of the UK confectionery company back in 2011. At the time, Tangerine also owned the Butterkist popcorn brand, though this was sold last year to the German parent company KP Snacks.

Founded in 2006 through a merger of traditional confectionery companies Taveners, Daintree and Parrs, Tangerine grew through the late 2000s with a series of acquisitions.

In August 2006 it took control of Blackpool-based Burton Foods’ confectionery arm before purchasing Monkhill Confectionery from Cadbury in 2008 for £58 million. The deal included several product lines, including Barratts and Trebor Basset Mints, and factories in Cleckheaton, Pontefract and York.

Today, Tangerine has five factories in Blackpool, Liverpool and the previous locations, as well as its headquarters at Pontefract in West Yorkshire.

Recently times have been hard for the sweet maker, however, with the brand enjoying varied successes under Blackstone’s ownership.

Despite a resurgent demand for ‘retro’ brands among the UK buying public, broader market trends have offset Tangerine’s growth, especially as many consumers switch to sugar-free and other healthy snacking options.

Accounts filed at Companies House reveal that Tangerine’s sales declined from £151.9 million 2015 to hit £139.3 million the next year.


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
Sep
 

Shopping channel sold by private equity owners | BUSINESS SALE

Shopping channel, Ideal Shopping Direct, has been sold by it...

 
18
 
Mar
 

Sale of Center Parcs considered | BUSINESS SALE

The owners of the holiday resort group Center Parcs is once ...

 
04
 
Nov
 

Yildiz Holdings buys UB: a handful of biscuit brands | MERGER

Turkish food giant Yildiz Holdings has grabbed a tin-full of...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources