Snack company Graze poised for £300m sale

Mon, 24 Jul 2017 | BUSINESS SALE

Retail snack specialist Graze is being positioned for a £300 million sale by its private-equity owner.

According to a report in the Sunday Telegraph, the healthy snack firm is being offered for sale by The Carlyle Group, a Washington DC-based asset management outfit.

Carlyle took a majority stake in Graze in 2012, with the company being valued at approximately £50 million at the time. The investment group has some experience of dealing with healthy lifestyle-related companies, having just sold health food retailer Holland & Barrett for £1.8 billion to Russian billionaire Mikhail Fridman’s L1 vehicle.

Since its inception, Carlyle has held stakes in US brands such as Dunkin’ Donuts, Getty Images, Hertz and Kinder Morgan.

The investment group are reported to be encouraged by Graze’s yearly sales growth and the wider consumer trend for healthy eating. Last year, sales grew by 3.2 per cent to hit £70.3 million, though Graze’s pre-tax profits fell by 27 per cent thanks to heavy investment into expansion and a revamp of its website.

A formal sale process has been mooted to take place next year.

There is a trend for healthy snacking companies to be snapped up by larger groups: in 2015, for example, Lotus Bakeries swooped for Natural Balance Foods, the maker of Nakd bars, and Urban Fresh Foods, who make Bear fruit snacks.

Graze was incorporated in 2008 by Graham Bosher, co-founder of movie subscription service LoveFilm, and delivered customers small boxes of nuts, seeds, dried fruit and other snack foods to customers.

Since then, the company has a new boss, Anthony Fletcher, formerly of smoothie maker Innocent. He has overseen the launch of a line of snack products to UK and US retailers, including WHSmith, Sainsbury’s and Boots, and opened an online shop for one-off purchases.

Graze products are stocked in more than 7,500 stores across the US, and 9,000 of the UK’s high street shops.


Share this article



Latest Businesses for Sale

Upholstered Furniture Manufacturer (Fast Sale)
UK Wide

Best and final offers are sought by Thursday 12 December 2019. An opportunity exists to purchase the business and assets of a privately owned company. An upholstered furniture manufacturer offering a wide variety of designs and ranges.

Asking Price: Offers Invited
Turnover: £1,680,000

Italian Restaurants (Fast Sale)
North West, UK

Indicative offers are required by 17:00hrs on Wednesday 27 November 2019 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of two Companies that trade as Italian...

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

LEASEHOLD


Loft Conversion Business
Preston, Lancashire, UK Wide

Great reputation. Fully relocatable. Friendly and professional service. Bespoke loft conversions. Minimal competition. Offered on a relocatable basis. Offers invited.

Asking Price: £759,995
Turnover: £1,002,527

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

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