Mon, 18 Oct 2010 | BUSINESS SALE
The manufacturer behind Butterkist popcorn has drafted in investment bank NM Rothschild to assist in an exploration of finance options to include a sale.
Tangerine Confectionary is responsible for well-loved sweet brands Sherbert Fountain, Dib Dabs, Refreshers, Barratts wine gums and Butterkist popcorn. It operates from seven factories all situated in the North of England and has about 1,500 employees.
Owned by Growth Capital Partners, formerly part of Close Brothers, new funds are now being sought to invest in the business and to look into future acquisitions. A potential Stock Market listing is also in the pipeline.
Rothschild is believed to be discussing the sale of Blackpool-based Tangerine with private equity firms and options include a purchase of the whole business or a stake holding.
Tangerine’s revenues have shot up from £64 million in 2007 to £155 million for the year ending 31 December, 2009.
This strong performance is considered by the firm to be due to tight cost controlling and its £58 million acquisition of Butterkist manufacturer Monkhill Confectionery from Cadbury in 2008. The public’s love of nostalgic sweets has also been attributed to the improved sales.
A parcel delivery firm based in the North West had fallen into administration and ceased trading, with administrators now seeking to sell the company’s assets, including its fleet of vehicles and leasehold property. An auction of the vehicle fleet...
Prime coastal development opportunity with full planning permission is available for sale. Total site area approx. 0.88 acres (0.36 hectares). Full Planning Permission for 19 apartments across two blocks with basement parking. The deadline for off...
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
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.