German spice producer Fuchs Group has acquired UK herb and spice blender Bart Ingredients for an undisclosed sum.
Under previous owners – private equity firm Langholm Capital – the business has been transformed significantly with an award-winning brand position, bespoke customer relationships together with enhanced and leading processes.
Fuchs said that by acquiring Bart Ingredients it is growing its international footprint and enhancing its market position in the UK – the third largest market for herbs and spices in Europe.
Bart Ingredients carved out a singular position in the UK market having introduced organic and Fairtrade products and, most recently, the acquisition of OTP Foods.
In the last fiscal year, the company generated a total revenue of over £25 million and employs more than 180 people.
By Dominic Cuthbert
Source: Food and Drink International
Recent reports reveal The Body Shop will shut up to half of its 198 stores in the UK and cut the size of its head office, incurring hundreds of job losses. According to the firm overseeing the restructuring of the beauty retailer, closures will begin this Tuesday.
Amidst brewing tensions, the US Federal Trade Commission (FTC) and a coalition of states are poised to take legal action as early as next week, aiming to prevent grocery giant Kroger’s $24.6 billion acquisition bid for Albertsons, Bloomberg reported.
The owner of Guinness and Baileys has hired financial service group Rothschild to explore the sale, which includes Pimm’s, fruit liqueur brand Safari and Pampero rum. Each brand could be offloaded individually or as a three, according to Sky News.