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 specialises in recruiting medical practitioners in a variety of roles, including general practitioners, nurses, paramedics, and non-clinical staff, it is now for sale.
LEASEHOLD
An opportunity has arisen to acquire a company with its own-product IP, designs, and branding this is a very successful, independent business that has a range of vehicle and workshop accessories sold into the automotive aftermarket, workshop, and DIY...
LEASEHOLD
This company supplies and installs artificial grass suitable for use in gardens, play areas, and putting greens, as well as on balconies and terraces, it is now for sale.
LEASEHOLD
|
21
|
|
Jan
|
Pensions provider Cushon more than doubles size with Creative Pension Trust takeover | BUSINESS SALE
Pensions provider Cushon has more than doubled its assets un...
|
20
|
|
Jan
|
Insolvencies rise in December with challenges set to continue for business owners | BUSINESS NEWS
New figures from the Government Insolvency Service have show...
|
19
|
|
Jan
|
SA Brain close to sale of approximately 100 pubs for £100m, as sector's M&A surge goes on | BUSINESS SALE
Welsh brewer SA Brain is reportedly close to selling a portf...
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