M&A Deal Summary

Premier Foods Acquires Marlow Foods

On June 6, 2005, Premier Foods acquired food company Marlow Foods from Montagu for 172M GBP

Acquisition Highlights
  • This is Premier Foods’ 1st transaction in the Food sector.
  • This is Premier Foods’ 0th largest (disclosed) transaction.
  • This is Premier Foods’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2005-06-06
Target Marlow Foods
Sector Food
Buyer(s) Premier Foods
Sellers(s) Montagu
Deal Type Add-on Acquisition
Deal Value 172M GBP

Target

Marlow Foods

Stokesley, United Kingdom
website
Marlow Foods, the owner of Quorn branded food products, in the first half of 2003 from AstraZeneca. Quorn is the UK?s number one brand in the fast growing healthy meat alternative food segment with an established and successful presence in a number of European territories. Marlow manufactures an extensive range of branded chilled and frozen ingredients and meals for this market from its manufacturing base in north Yorkshire.

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Buyer(S) 1

Buyer

Premier Foods

St Albans, United Kingdom

website

Category Company
Founded 1975
Sector Food
Employees4,000
Revenue 901M GBP (2022)
DESCRIPTION

Premier Foods is a manufacturer and distributer of branded and own label food products in the United Kingdom, other European countries, and internationally. It operates through Grocery, Sweet Treats, and International segments. Premier Foods was founded in 1975 and is based in St Albans, the United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 2
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-01 Argent Group

London, United Kingdom

Argent Group Plc Based in the UK, the Netherlands and New Zealand, these businesses included food preparation and distribution, waste disposal, printing and packaging. On acquisition the companies were renamed Argent.

Sell €88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Hovis

Wycombe, United Kingdom

Hovis operates baking and flour mills. The company produces a wide range of flours and bakery products using a blend of seeds and cereals for the craft and industrial bakers across the UK and Ireland. Hovis was founded in 1886 and is based in Wycombe, United Kingdom.

Buy -

Seller(S) 1

SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.

DEAL STATS #
Overall 31 of 73
Sector (Food) 1 of 3
Type (Add-on Acquisition) 13 of 29
Country (United Kingdom) 22 of 40
Year (2005) 5 of 6
Size (of disclosed) 14 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Actaris Metering Systems SA

Luxembourg,, Luxembourg

Actaris Metering Systems SA engages in the design and manufacture of meters and associated systems for the electricity, gas, water and heat markets.Company innovative products and systems integrate the latest technologies to meet the evolving needs of public or private energy and water suppliers, utility services and industrial companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-19 The Isle of Man Steam Packet

Isle Of Man, United Kingdom

Steam Packet Company had a dominant position in the transportation of passengers and freight to the Isle of Man from ports in the UK underpinned by a long standing user agreement with the Isle of Man government.

Sell £225M
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