Wed, 05 May 2010 | MBO/MBI
Langholm Capital, the private equity owner of Tyrells Potato Chips and Dorset Cereals, has backed a management buy-out of Bart Spices for an undisclosed amount.
The firm financed the move led by Bart Spices' chief executive Matthew Shaw, son of Edward Shaw, the retiring chairman who was also one of the business' first employees.
Operating partner at Langholm, Steven Esom, has joined Bart Spices' board as non-executive chairman.
Founded in 1963 by Bristol entrepreneur Reg Bartlam and his wife, the herbs and spices producer is said to have started out by selling empty glass jars to local cookware retailers.
Today, Bart Spices is among the largest suppliers of herbs and spices in the UK, and claims to have been the first to supply Fairtrade spices, including vanilla pods, to British supermarkets.
The business is to continue to be run by Matthew Shaw, who began working at the spice producer in 2003 as sales and marketing director. He was appointed CEO in 2008.
Bart Spices recorded sales of £16 million for the year to March.
It has been reported that Langholm's intentions are to invest in Bart's production and manufacturing capabilities, to improve distribution and to build up the brand.
This well-established business in Suffolk is renowned for providing bespoke hydraulic, electric, and mechanical systems across various industries, with end-to-end solutions and a strong reputation for quality and reliability.
This well-established Buckinghamshire-based wholesale catering supplier offers a diverse range of fresh produce, dairy, and catering essentials to sectors such as hospitality and healthcare.
This well-established Essex-based business offers a comprehensive suite of bespoke luxury furniture services, from design to installation, catering primarily to private clients and developers.
|
04
|
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
|
04
|
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
|
04
|
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
|
04
|
|
Jul
|
Government reverse-turns on small business filing requirement rules | BUSINESS NEWS
Ministers are set to shelve reforms to Companies House filin...
|
04
|
|
Jul
|
Knights Pharmacy acquires new sites in HSBC-backed deal | BUSINESS SALE
West Midlands-based pharmacy group Knights Pharmacy has furt...
|
04
|
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.