Bidvest Fresh has bought Knight Meats for an undisclosed sum, boosting its business in hospitality, catering and the public sector.
Vendors James & Carol Knight brought the deal to a successful conclusion on Friday 1 April 2016.
Established in 1992, Knight Meats is a market leading, premium quality catering butcher, which provides a comprehensive range of fresh meat, poultry and deli products to the professional kitchen sector.
The company, which is based in Chlemsford, Essex, supplies a variety of customers, including many prime quality hotels, restaurants, contract caterers, as well as an increasing number of schools and colleges.
Bidvest Fresh supplies national and independent customers within the catering industry with fresh ingredients including fish and seafood, meat, produce, dairy products and ambient goods.
It offers delivery of all of its ingredients directly to customers’ kitchens in temperature controlled vehicles.
The Camlee Group acted as lead advisors on the deal.
Jim Knight, md of Knight Meats, commented: “Camlee had a very active and hands on role in the management of this process right from the beginning. [Project director] Paul [Thompson] was proactive and remained positive throughout, and took ownership and responsibility of key issues without hesitation.
“Camlee’s experience and technical expertise was extremely helpful and I’m pleased that I selected Camlee as my corporate finance advisors in the first place.”
Thompson added: “We are thrilled to have facilitated this deal on behalf of our clients.
“Bidvest was identified as a likely acquirer for our client at a very early stage and although there were a number of competing offers, Bidvest demonstrated their desire and commitment by firming up their initial interest quickly and negotiated hard to deliver a deal that our clients were unable to refuse.”
Bidvest Fresh is part of the international Bidvest Group, which supplies the catering industry with fresh ingredients including fish and seafood, meat, produce, dairy products and ambient goods.
By Rod Addy
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.