Whitworths snack-food manufacturer up for sale

Sun, 24 Mar 2013 | BUSINESS SALE

Whitworths, one of the UK’s biggest snack-food manufacturers, is being put up for sale by private equity firm, European Capital, with a £100m price tag.

According to the Sunday Times, European Capital has tasked food and drink investment advisers, Stamford Partners, to locate possible buyers for the Northamptonshire-based firm.

Whitworths began as a mill 126 years ago and for many years simply provided flour to local bakers. In 1932, the company expanded production to supply the wheat for a popular new breakfast cereal called Weetabix. The company continued steady growth, acquiring mills and bakeries and its own fleet of lorries. A merger and a management buyout followed, with the business moving from strength to strength and rapidly increasing its export markets.

The firm now employs approximately 350 people manufacturing a range of fruit and nut mixes and other natural and healthy ingredients.

Sales for the year ended 30th April 2012 were a robust £145m, up from £119m a year earlier, though pre-tax profits were somewhat lower at £5.6m, down from £7.4m.

A £100m sale of the business would represent a modest return for European Capital on its initial investment of £85m, the price paid in 2006 to the-then owners Gresham Partners.


Share this article



Latest Businesses for Sale

Precision Cutting Tools Provider
North East, UK

Operates across a diverse range of sectors, with no reliance on any key client accounts. Skilled workforce with extensive expertise within the sector. Operates from leasehold premises in North East England. Offers invited

Asking Price: Offers Invited
Turnover: £685,000

LEASEHOLD


Electrical Appliance Retailer & Wholesale
Stalybridge, Manchester, UK Wide

The business for sale is a family owned, electrical appliance retailer and wholesaler based in Stalybridge, Greater Manchester. This business sells a wide range of freestanding and integrated kitchen and home appliances from washers, dryers, sinks, k...

Asking Price: £260,000
Turnover: £938,603

LEASEHOLD


Furniture Manufacturing Company
Surrey, South East, UK

Now available to the market is this brilliant furniture manufacturing company in the south of England. Trading since 1996, this family run business has been supplying high quality wardrobes complete with sliding or hinged doors, with the ability to m...

Asking Price: £599,995
Turnover: £935,135

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
06
 
Dec
 

KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...

 
05
 
Dec
 

What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...

 
05
 
Dec
 

MBO at Bolton-based delivery comparison firm | MBO/MBI

Bolton-based parcel delivery price comparison company Parcel...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
18
 
Apr
 

Weetabix to be sold for £1.4bn | BUSINESS SALE

Weetabix, the largest producer of breakfast cereals in the U...

 
23
 
Jan
 

Suitors lining up for a bowl of Weetabix - reports | BUSINESS SALE

An Italian pasta firm, a joint-venture between some of the w...

 
30
 
Oct
 

Blinds company Hillarys up for sale | BUSINESS SALE

The fitted blind company Hillarys is believed to have been p...

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