Wed, 05 May 2010 | MBO/MBI
Langholm Capital, the private equity owner of Tyrells Potato Chips and Dorset Cereals, has backed a management buy-out of Bart Spices for an undisclosed amount.
The firm financed the move led by Bart Spices' chief executive Matthew Shaw, son of Edward Shaw, the retiring chairman who was also one of the business' first employees.
Operating partner at Langholm, Steven Esom, has joined Bart Spices' board as non-executive chairman.
Founded in 1963 by Bristol entrepreneur Reg Bartlam and his wife, the herbs and spices producer is said to have started out by selling empty glass jars to local cookware retailers.
Today, Bart Spices is among the largest suppliers of herbs and spices in the UK, and claims to have been the first to supply Fairtrade spices, including vanilla pods, to British supermarkets.
The business is to continue to be run by Matthew Shaw, who began working at the spice producer in 2003 as sales and marketing director. He was appointed CEO in 2008.
Bart Spices recorded sales of £16 million for the year to March.
It has been reported that Langholm's intentions are to invest in Bart's production and manufacturing capabilities, to improve distribution and to build up the brand.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
|
22
|
|
Nov
|
Construction firm Lyjon calls in administrators | ADMINISTRATION
Cheshire-based contractor Lyjon Group has appointed administ...
|
22
|
|
Nov
|
Historic Yorkshire yarn maker weaves towards employee ownership | BUSINESS SALE
A West Yorkshire yarn manufacturer that dates back to before...
|
22
|
|
Nov
|
Redsquid going national after new funding and acquisition | BUSINESS SALE
IT managed service provider (MSP) Redsquid is going national...
|
22
|
|
Nov
|
Redsquid going national after new funding and acquisition | BUSINESS SALE
IT managed service provider (MSP) Redsquid is going national...
|
22
|
|
Nov
|
Historic Yorkshire yarn maker weaves towards employee ownership | BUSINESS SALE
A West Yorkshire yarn manufacturer that dates back to before...
|
22
|
|
Nov
|
Construction firm Lyjon calls in administrators | ADMINISTRATION
Cheshire-based contractor Lyjon Group has appointed administ...
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.