Newlat completed the acquisition of Symington’s from Intermediate Capital for $74m.

Newlat, the Italy-based food group, completed the acquisition of Symington’s, a producer of food products in the United Kingdom, from Intermediate Capital, an asset management and private equity firm, for $74m. “This is an interesting business with high potential for growth and we deem it to be a perfect fit into our strategic plan. We see a number of synergies between our businesses as we both produce complementary but different categories of products," Angelo Mastrolia, Newlat Chairman.