Mon, 20 May 2013 | BUSINESS SALE
Crisps and snacks maker Tyrrells may become subject to a takeover war after being placed on the market with a price exceeding £100 million.
Its private equity owner Langholm Capital has put the business up for sale after buying it for £30 million from its founder and potato farmer William Chase in 2008.
First round bids are due in this week and may include bids from US breakfast cereal giant Kellogg’s; Calbee, a Japanese snack maker; and Blackpool-based Tangerine, which has several brands including Butterkist popcorn - all these firms are said to be attracted to the deal. Other interested parties include Hain Daniels, a US food company that owns the New Covent Garden Soup Company and bought organic baby food business Ella’s Kitchen last month.
The Herefordshire-based crisp maker, Tyrrell, is famed for using locally farmed potatoes and other vegetables for its crisps with natural flavourings, and also produces popcorn and other dry snacks. It recently won the Queen’s Award for Enterprise.
The firm has a 150-strong workforce, and exports its foods to 30 countries. The crisps have proved to be very popular in new markets such as Moscow in Russia where a packet can sell for £5.
Founder Mr Chase used the funds from the sale of his business to set up a vodka distillery. Chase vodka is now one of the top new brands on the market.
____________________________________________________________________________
Related articles:
Egg business Noble Foods hoists £400m price tag
Whitworths snack-food manufacturer up for sale
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.