Historic food firm Whitworths is put up for sale

Wed, 12 Apr 2017 | BUSINESS SALE

Whitworths, the 130-year-old maker of dried fruits and nuts, has been put up for sale by its private equity owner Equistone, reports say.

According to the Daily Mail Whitworths, which was founded as a flour-miller in Northamptonshire in 1886, has appointed investment bank Houlihan Lokey to hunt down a buyer.

City sources told the paper that trading had been hard in the past year, and that lenders are thought to have put pressure on Equistone to sell so they can recover some of their loans.

It is thought the company could be worth around £20 million, although a source told Insider Media that that figure is “exaggeratedly low and very questionable”.

Whitworths, headquartered in Northamptonshire, is the UK’s largest supplier of branded and own label dried fruit, nut and seed products, with approximately 30 per cent market share.

As well as a variety of dried fruit and nut products, the firm also sells beans, pulses and cereals as well as owning the Sunny Raisins brand. Its customers include supermarket chains and bakers.

In the 12 months to June 2016 the company posted sales of £157 million and £7.4 million in operating profit.

A Whitworths spokesman told the Daily Mail: “We are currently in a process with Houlihan Lokey exploring new investment opportunities.”

Equistone Partners bought a majority stake in Whitworths in September 2013 in a deal which valued the business at £90 million.

Find food businesses for sale.
You can subscribe to the Business Sale Report here


Share this article



Latest Businesses for Sale

Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Construction Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...

Asking Price: £1,900,000
Turnover: £1,709,427

LEASEHOLD


Phone & Computer Sales & Repair Business
Liverpool, UK Wide

This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...

Asking Price: £580,000
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Dec
 

Travel Counsellors to explore £200m sale | BUSINESS SALE

The owners of Manchester-based holiday planner Travel Counse...

 
06
 
Sep
 

Whitworths buys Carr's flour milling business | MERGER

Food business Whitworths has bought agricultural group Carr&...

 
05
 
Aug
 

Audley Travel tour operator explores business sale | BUSINESS SALE

A sale of upmarket tour operator Audley Travel is on the car...

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