Tue, 02 Jul 2024 | BUSINESS SALE
Turner Price, a food and drink wholesaler headquartered in Hull, has become the latest firm to be acquired by Lincolnshire-based Caterfood Buying Group, the independent buying group arm of Bidcorp UK.
Founded in 1992, Turner Price provides a range of more than 8,000 products, including fresh and chilled produce and store cupboard ingredients. The company has more than 2,500 customers across the North of England and Midlands.
The deal follows Caterfood Buying Group’s 2023 acquisitions of Harvest Fine Foods and Thomas Ridley Foodservice, as well as Bidcorp UK’s acquisition of ice cream manufacturer Northern Bloc Ice, announced last month.
Caterfood Buying Group is a growing network of independent businesses, with subsidiaries including Thomas Ridley Foodservice, Harvest Fine Foods, Nichol Hughes, Elite Fine Foods, Caterfood, South Lincs Foodservice and Cimandis.
Following the acquisition of Turner Price, Caterfood Managing Director Philip Atyeo said: "Turner Price is a highly successful foodservice supplier and delivers a great service proposition to its loyal customers. The business will continue to operate as an autonomous and independent business, in line with our decentralised model in the business."
Turner Price Managing Director John Gould said that Caterfood shared the firm’s “passion for customer led focus, harnessing strong supplier relationships, supporting staff development and ensuring that work is enjoyed by all.”
He added: "We feel this is the right time for us to be joining the Caterfood Buying Group, and are very much looking forward to continuing to build on the growth we have enjoyed and to further improve our customer offering."
Bidcorp UK Chief Executive Andrew Selley said that the acquisition of Turner Price would “further cement” Caterfood’s growing position within the industry.
He continued: "This latest acquisition is in line with the Bidcorp UK strategy to continue to grow the buying group side to national coverage, as well as increasing our network of manufacturing businesses, following our recent acquisition of Northern Bloc Ice Cream. The growth in these areas will allow us to continue to deliver service excellence to our customers and provide them with real added value."
M&A in the UK's food and drinks sector recently hit its highest level in eight years
Builders Merchants which occupies a prime trading position on a sought-after trading estate. It has been under the proud ownership of our client since 2000 during which time they have made considerable investment in establishing the area’s premier su...
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
Available on the market for an acquirer seeking a superbly appointed West Yorkshire timber and garden product merchant. This wholesale operation was established in 2004.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.