UK fruit, nut and seed snack brand Whitworths has been sold to Turkish wholesale group Anatolia for an undisclosed sum.
The merger provides a platform for long-term growth, combining the capability of Whitworths as a leading UK dried fruit, nut and seed supplier with the strength of Anatolia in sourcing and packing Turkish-grown products.
The merger gives the combined business a unique position in the market to deliver supply chain integrity from producer to consumer in key areas of dried fruit.
Whitworths is a supplier of branded and own-label fruit, nut and seeds products, and a major supplier of beans, pulses, and cereals. It has an annual turnover of around £150 million. The business has a portfolio of well-established brands, including Whitworths, and operates from a facility in Irthlingborough, Northamptonshire.
Anatolia has operated in the food industry since 1965 and is a dynamically growing company in international dried fruit markets, serving more than 15 countries, including Australia, Japan, New Zealand and markets in mainland Europe. Operating from a facility in Izmir, Turkey, Anatolia has reputable business relationships with a number of major UK retailers, supplying both branded and own-label products.
Houlihan Lokey advised on the acquisition.
Cargill has announced that it is supporting farmer-led efforts to adopt regenerative agriculture practices on 10 million acres of crop land in North America by 2030. The initiative will focus primarily […]
PepsiCo is trialling products encoded with invisible digital watermarks for more effective recycling. The technology is pegged as the “holy grail” that will make mechanical sorting more efficient. The beverage […]
Lactalis Group is positioned to acquire a portfolio of Kraft Heinz brands, expected to close in the first half of 2021. The dairy supplier will also be partnering with the […]