Fri, 22 May 2015 | DIVISION SALE
Bakery ingredients group Real Good Food has completed its division sale of Napier Brown for £34 million.
Based in Toxteth, Liverpool, the business first announced plans to sell its sugar division in April, confirming that it had received interest from a number of parties.
Now a deal with French group Tereos for the disposal of its sugar division, Napier Brown, has been struck.
Pieter Totté, chairman of Real Good Food, commented: “We believe Tereos is the best choice for both customers and employees.
“This transaction will allow us to focus all our resources on the continued growth of our remaining businesses.”
He added that while he remains “proud” of what the firm achieved in building the Napier Brown business, the changes that are currently occurring within the European sugar market mean that “the future of this business is best served by it becoming part of an international production group”.
Napier Brown is the biggest non-refining sugar distributor in Europe. It provides customers with different varieties of sugar as required, be they cane, beet, white, brown or speciality. Among its brand names is Whitworths Sugar.
As the largest sugar producer in France, Tereos is the world's fifth-largest sugar group. It employs some 24,000 people around the world, giving it a solid base from which to deliver a strong future for Napier Brown.
View more businesses for sale.
The company is a provider of Configure, Price, Quote (CPQ) Software as a Service (SaaS) and Data to drive eCommerce. ▸ Long-term framework agreements with key clients. High level of recurring income from contracts. Offers invited.
LEASEHOLD
Specialist engineers providing a range of energy management services including the supply & maintenance of electricity billing meters, energy reports & cost budgeting. Contracted to provide metering services on behalf of a major electricity distribut...
Plumbing & heating engineers offering specialist domestic & commercial services including repairs, breakdown assistance & installation of domestic kitchens, bathrooms & bedrooms, operating from two showrooms. Operates two strategically located showro...
|
03
|
|
Apr
|
Chancellor bolsters CBILS for small firms and unveils new scheme for large companies | BUSINESS NEWS
Chancellor Rishi Sunak will today take new measures to suppo...
|
03
|
|
Apr
|
Benito’s Hat to continue trading despite entering administration | ADMINISTRATION
Fast-casual Mexican food chain Benito’s Hat has entere...
|
02
|
|
Apr
|
Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY
Fashion retailer Next has put its head office and three ware...
Sign up to receive our acquisition alert emails to get your FREE guide
|
07
|
|
Sep
|
Multinational food manufacturer snaps up desserts baker in major acquisition deal | BUSINESS SALE
A Wiltshire-headquartered desserts baker has been acquired b...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources