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

Courier Business
UK Wide

Long-established courier business, which has an excellent reputation for providing a bespoke and rapid response service to its loyal client base. Established 20 years+. Excellent reputation for speedy, flexible and efficient service, 365 days of the...

Asking Price: Offers Invited
Turnover: £600,000

LEASEHOLD


Manufacturer & Retailer of Textiles
UK Wide

This long established company is a second generation family business specialising in the design, manufacture, installation and retailing of blinds, fabrics and wallpapers. Offers invited.

Asking Price: Offers Invited
Turnover: £500,000

LEASEHOLD


Microsoft Independent Software Vendor Partner
Midlands, UK Wide

Microsoft 365 ISV & Services Partner – Healthcare and Public Sector. An opportunity has arisen to purchase an established Microsoft Independent Software Vendor Partner (ISV) providing Software, ‘SaaS’ and Services for Microsoft 365 Information Manage...

Asking Price: Offers Invited
Turnover: £1,200,000


View more businesses for sale

News Search

Latest News

 
06
 
Jul
 

Aviation claims specialist enters administration | ADMINISTRATION

Didsbury-based aviation claims specialist Flight Reclaim has...

 
03
 
Jul
 

Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...

 
02
 
Jul
 

Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

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