Mon, 23 Nov 2020 | BUSINESS SALE
Giant egg producer Noble Foods is seeking a sale of Gu Puds, the UK’s premium desserts manufacturer. Noble has engaged bankers from Spayne Lindsay to lead an auction for the company.
Gu Puds was founded in 2003 by owner and MD James Averdieck, with Noble Foods acquiring a majority stake in the business in 2010.
According to sources, Gu Puds could be valued at over £100 million and is thought to be likely to attract interest from a mix of industry companies and private equity firms. The plan comes as Duncan Everett, the new CEO of Noble, aims to revise the company’s strategy.
Swiss giant Nestle was interested in the company in 2009 and again when Noble last explored a sale two years ago. Mars was also interested in Gu in 2009, an auction eventually won by Noble.
Gu Puds has a 20 per cent share of the UK’s premium desserts market, as well as a strong presence in European markets including France and Germany. It is thought that the company will have performed strongly during the COVID-19 pandemic.
In its most recent accounts, to the year ended September 27 2019, Noble Foods reported turnover of £314.2 million, down from £317.5 million in the year prior.
The company’s operating profit stood at £8.9 million, down from £11.3 million in its 2018 accounts, while profit for the financial year was £5.8 million, down from £7.2 million in its accounts for the previous year.
Find businesses for sale here.
If you are looking for an exit, we can help!
A magnificent opportunity to acquire this long established restaurant and takeaway which occupies one of the best trading positions in the heart of Leeds city centre.
LEASEHOLD
A well-established, employee-managed, gourmet fried chicken restaurant and takeaway, located in the centre of Manchester within the regenerated former BBC site off Oxford Road. Based in Circle Square is a vibrant new neighbourhood home to a range of...
LEASEHOLD
A unique opportunity has arisen to acquire a historic coaching inn, which originated as a tin hut dating back to 1438! The current building has been in situ for approximately 200 years and has recently undergone extensive refurbishment and a large ex...
FREEHOLD
17
|
Apr
|
Hoxton Capital Management targets more M&A after double acquisition | BUSINESS SALE
International independent financial advisory firm Hoxton Cap...
17
|
Apr
|
Bristol printing firm rescued in pre-pack deal | BUSINESS SALE
A printing company based in Bristol has been saved after bei...
17
|
Apr
|
South Wales merger creates property and business finance services portfolio | MERGER
The merger of two firms based in South Wales has created a c...
14
|
May
|
Pudding brand Gü close to £150m sale | BUSINESS SALE
Noble Foods is close to selling its dessert brand Gü to...
08
|
Apr
|
Egg business Noble Foods hoists £400m price tag | BUSINESS SALE
The owners of Noble Foods are considering a £400 milli...
10
|
Oct
|
Premier Foods' sale of Hartley's jam on the table | DIVISION SALE
The sale of Premier Foods’ key brands, including Hartl...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.