Multinational food manufacturer snaps up desserts baker in major acquisition deal

Fri, 07 Sep 2018 | BUSINESS SALE

A Wiltshire-headquartered desserts baker has been acquired by food manufacturing giant Bakkavor in a £12 million deal.

Haydens, a producer of sweet bakery goods for large grocery retailers across the UK, was also a subsidiary of Real Good Food which ran two sites in Devizes and Wiltshire with roughly 500 members of staff to its name.

Founded in 1976, Haydens also operates a distribution network for a major UK retailer.

Its acquisition to Bakkavor, a registered supplier of freshly prepared food, is expected to push growth and capacity for both companies.

Chief executive of Bakkavor, Agust Gudmundsson, said: “This acquisition will grow both our capacity and product offering in the Desserts category, and we are delighted to be welcoming Haydens’ management and the wider team to our business.

“It is a business which shares Bakkavor’s passion for providing outstanding service, quality and value to its customers and has a reputation for supplying some of the best tasting sweet treats to the UK’s leading retailers.”

Haydens has been a part of Real Good Food since its inception in 2003, and has since roped in £31.3 million in revenues in the financial year ending 31 March 2017, which was at a break-even level at its operating profits.

Considering the adjustments to working capital and net debt, the total acquisition consideration has amounted to £12 million.

Hugh Cawley, the chief executive at Real Good Food, said: “Given the sizeable areas of common interest, we believe that Haydens and its staff will prosper better in partnership with Bakkavor.

“This disposal marks an important next step in the restricting and performance improvement of Real Good Food and is in line with our turnaround plan for the group.”

For more news stories about mergers, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

High End Chicken & Burger Restaurant with Takeaway
West Yorkshire, Yorkshire and the Humber, UK

The business is in a superb prime location, on a main street, within a residential/retail/entertainment and commercial area. Offers invited.

Asking Price: £225,000
Turnover: £300,000

LEASEHOLD


Kebab Shop
South West London, London, London, UK

This busy and well established Kebab shop is located within a busy high street next to a 24 hour garage just off the A3. A family run business that has built up loyal clients over the last first years. The premises includes 3 bedroom flat available t...

Asking Price: £280,000
Turnover: £370,000

LEASEHOLD


British Butchers
Northamptonshire, UK Wide

The business only sells British meat which is sourced from local farms and then prepared using traditional methods. The range of products has extended over the years to include pies and lasagne, quiche and cured ham; all prepared on site as well as s...

Asking Price: £144,950
Turnover: £380,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

 
10
 
Nov
 

BT to sell off its fleet division | DIVISION SALE

BT Group is preparing to sell its fleet management arm encom...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
May
 

Real Good Food completes division sale | DIVISION SALE

Bakery ingredients group Real Good Food has completed its di...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources