Fri, 20 Dec 2019 | MBO/MBI
Mineral water brand Brecon Carreg has returned to Welsh ownership after being acquired from Belgian company Spadel in a management buyout (MBO).
The MBO was lead by Brecon Carreg’s commercial manager David Stockley. All of the companies 32 jobs have been safeguarded in the deal.
Brecon Carreg produces bottled sparkling and still mineral water in Carmarthenshire. It has been Wales’ number one selling mineral water brand for the last four years. Last year it produced 48 million litres and registered a 19 per cent value market share.
David Stockley said: “I am confident that the return of the Brecon Carreg business to independent Welsh ownership will bring real benefits both to the business itself and to the local region, and I’m pleased that the number one water brand in Wales is now a 100 per cent Welsh brand.
“As a business we will be able to be much more agile and flexible in responding to current market trends, which is important in the challenging market conditions that our industry currently faces.”
He added: “During my time as a senior manager at Spadel over the last 12 years, I have done all I can to encourage local sourcing wherever possible. As the owner of Brecon Carreg Limited, I am now in a position to ensure that this will be very much a core principle of the company, going forward.”
Spadel CEO Marc du Bois, said: “It was not at all an easy decision to sell Brecon Carreg, because it’s a company that has been part of our group for 35 years and it has been a fine success story for us.
“But we feel comfortable about this operation, because we know that we are leaving the company in good hands”
Deeply embedded in its local community in a lucrative tourist hotspot the company has created multiple award-winning brands which it supplies through wholesale retail and ecommerce channels. Relationships are in place with several leading foodservice...
Offers an extensive selection of products from leading brands, including frozen meat and vegetables, preprepared meals, dry goods and toiletries.
LEASEHOLD
Serves own blend barista coffees, artisan gelato and homemade cakes, as well as offering exceptional service to customers throughout the Midlands, South East England and East England.
FREEHOLD
|
18
|
|
Jun
|
Hull transport business bought out of administration | BUSINESS SALE
Transport operator Clugston Distribution Services has bought...
|
18
|
|
Jun
|
Kingswood Holdings make £4m acquisition and targets extensive pipeline of deals | BUSINESS SALE
UK-based wealth management firm Kingswood Holdings has struc...
|
17
|
|
Jun
|
Four Communications acquires creative agency in ninth BGF-backed takeover | BUSINESS SALE
Marketing services firm Four Communications Group has acquir...
Sign up to receive our acquisition alert emails to get your FREE guide
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