07 May Glendale Foods Group acquired by private family business with related sector experience
Glendale Foods are a specialist Frozen Food manufacturer to retailers, foodservice providers and ready meal manufacturers. The business is primarily a dedicated private label supplier providing High Quality, Customer specific products but, also operates through brands including Glendale Foods, The Great British Pudding Company and Yankee snacks. Glendale is driven by a passion for innovation and quality ingredients in Frozen Food production, with a bespoke development centre at their Head office in Salford, Manchester. The Business is well invested and continues to invest in its manufacturing capability that matches the passion for innovation.
We are pleased to announce the Shallan Group, a Private Family Business Group, has acquired 100% of the share capital of Glendale Foods Group, in an undisclosed deal.
The Glendale founders, Paul Burkitt and Mark Jones, say that ‘This is a great next chapter for Glendale Foods, we are delighted to have found investors who share the same values as ourselves and very much look forward to seeing the continued growth and success of the business.’
A Director of the Shallan Group, Shafin Somji, explained: ‘We saw Glendale as an excellent investment opportunity being well placed in its markets with strong products, a strong team, and an overall solid foundation on which to grow. We view Glendale as a strategic long-term purchase and, therefore, look forward to supporting the business with capital as well as our sector expertise, given our frozen food operations in North America. We are excited for this next phase of Glendale’s growth story.’
Further, Simon Whittaker, Glendale Foods New CEO commented, ‘Glendale is a great company with great people and a strong base on which to establish the Shallan Group’s UK food manufacturing presence. We see this as an ideal opportunity to invest further to leverage the core foundations already in place. With the current product development capability and available capacity, we are excited about the opportunities that lie ahead. We are also very pleased that our NED, Nigel Broadhurst has agreed to continue working with Glendale through our next stage of strategic growth. Nigel has a distinguished career within the Food Industry.’
The company also announces: the following leadership changes:
- Shafin Somji appointed to the position of Executive Chairman.
- Simon Whittaker appointed to the position of CEO.
- Steve Wood appointed to the position of Managing Director (effective from the 17th June 2024). Steve joins from an operations background, with over 30 year’s experience across a range of food categories including senior experience in a number of meat-based businesses.
- Paul Burkitt and Mark Jones, will remain with the business for the foreseeable future as Executive Founders to ensure a smooth and successful handover.
Glendale Foods advisers were Oghma Partners (Mark Lynch) for corporate finance.
The Shallan Group were advised by: Hill Dickinson (Ian Gillis) for LDD and legal support, Transworld Business Advisors UK (Henry Ziff) for buyside support, DSW London (Richard Hooper and Tom Rowe) for FDD, Tax Advisory Partnership (Russ Cahill) for Tax DD.
For further information, please email info@glendalefoods.com
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