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

Haulage & Warehousing Services
UK Wide

Utilises a team of experienced drivers to provide tailored logistics solutions, with a focus on home delivery services, whilst also offering complementary warehouse solutions. Serves 20 active clients from a wide range of sectors, including retail, i...

Asking Price: Offers Invited
Turnover: £2,900,000

LEASEHOLD


Automotive Electrical Products & Services
UK Wide

Established for over 50 years.Provides a range of automotive electrical services including air conditioning, heating, tachographs, security systems, vehicle tracking and reversing aids for vehicle, plant and marine industries. Over 100 active clients...

Asking Price: Offers Invited
Turnover: £771,000

FREEHOLD


Freight Forwarding Services
South East, UK

Provides freight forwarding for a range of sectors, as well as warehousing and an array of other complementary services. Serves over 20 clients, with an 80% retention rate.Strong second-tier management team in place. Generates revenue on an internati...

Asking Price: Offers Invited
Turnover: £956,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
11
 
Aug
 

PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE

PPL Corporation has announced that it has put its UK utility...

 
10
 
Aug
 

Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE

Samworth Brothers has completed the £6.4 million acqui...

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

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