Welsh company Peter’s Foodservice has acquired Surrey-based gourmet hot dog business Mom’s Fabulous Foods for an undisclosed amount.
Mom’s Fabulous Foods’ turnover is in excess of £2m and its hot dog ranges are supplied to stadiums, travel hubs, pub groups and fast food outlets across the country. The new deal is set to expand the Peter’s food-to-go offering while giving the Mom’s brand access to Peter’s’ extensive customer base across retail, foodservice, stadiums, caterers and fast food outlets through Peter’s ten van sales depots across the UK.
Caerphilly company Peter’s is best known for its ranges of savoury pastries, which it sells through both the retail and foodservice channels.
Mom’s Fabulous Foods founder and managing director Nick Pagett said: “Having worked with Peter’s for several years and seeing the growth of Mom’s within Peter’s, I am delighted to have reached this agreement which will be a catalyst to further growth. Like Peter’s, product quality, innovation and service are at the heart of our success, so this deal seemed like the right move for all concerned, in particular our consumers, who will now enjoy even more opportunities to taste our fabulous hot dogs.”
Peter’s Foodservice finance director David Peek added: “We are delighted to reach this agreement and further expand our product offering, especially in the fast growing food-to-go sector.
“Nick Pagett has developed a very successful business over the last three years and we have been extremely impressed with both the product quality and service level he and his team maintain. We are very excited to create further opportunities together after completing the acquisition.”
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.