Announced
Completed
Financials
Tags
Domestic
Friendly
Acquisition
food company
Private
Single Bidder
Completed
United Kingdom
Food Products
Majority
Synopsis
DecoPac-backed Culpitt, a cake decorating supplies wholesaler, completed the acquisition of the non-edibles division of Food Innovations Group, a food manufacturer, from FRP Advisory, a business advisory firm. Financial terms were not disclosed. “The non-edibles division of Food Innovations Group has been trading well despite the challenges facing the rest of the business. We are pleased to have quickly found a buyer of such pedigree in the industry that can take on the business and provide a solvent solution for the employees, suppliers and other stakeholders of the Group. Of course, it provides a great strategic fit for Culpitt to further expand its non-edibles offering. We wish the new combined business all the best in the future,” Anthony Collier, FRP Partner.
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