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.
CNC precision engineering company, established over 50 years ago. The Company specialises in small to medium batch high precision milling and turning and has the benefit of long lasting, valuable and important customer relationships. Based within the...
Flagship practice for any portfolio, benefitting from a combination setting (residential and commercial). The vendor is willing to stay on 4+ years.
This is a rare instruction for the sale of a lucrative four surgery private practice offered on a freehold basis.
FREEHOLD
10
|
May
|
North Yorkshire coaching inn on the market for £1.2m | COMMERCIAL PROPERTY
The General Tarleton Hotel and Restaurant, an 18th century c...
10
|
May
|
John Good Group acquires Grimsby shipping services company | BUSINESS SALE
John Good Group has acquired a shipping services provider th...
09
|
May
|
Landsec sells hotel portfolio for £400m | COMMERCIAL PROPERTY
Landsec has sold its entire hotel portfolio, comprising 21 a...
10
|
May
|
John Good Group acquires Grimsby shipping services company | BUSINESS SALE
John Good Group has acquired a shipping services provider th...
10
|
May
|
North Yorkshire coaching inn on the market for £1.2m | COMMERCIAL PROPERTY
The General Tarleton Hotel and Restaurant, an 18th century c...
09
|
May
|
Cheltenham hardware manufacturer undergoes MBO | MBO/MBI
A manufacturer of window and door hardware has been acquired...
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
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.