M&A Deal Summary

2 Sisters Food Group Acquires Premier s Brookes Avana

On December 8, 2011, 2 Sisters Food Group acquired food company Premier s Brookes Avana from Premier Foods for 30M GBP

Acquisition Highlights
  • This is 2 Sisters Food Group’s 1st transaction in the Food sector.
  • This is 2 Sisters Food Group’s 0th largest (disclosed) transaction.
  • This is 2 Sisters Food Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-12-08
Target Premier s Brookes Avana
Sector Food
Buyer(s) 2 Sisters Food Group
Sellers(s) Premier Foods
Deal Type Divestiture
Deal Value 30M GBP

Target

Premier s Brookes Avana

United Kingdom
Premier's Brookes Avana business comprising of RF Brookes chilled foods and Avana Bakeries

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Buyer(S) 1

Buyer

2 Sisters Food Group

West Bromwich, United Kingdom

Category Company
Founded 1993
Sector Food
DESCRIPTION

2 Sisters Food Group was established in 1993 by our Chief Executive, Ranjit Singh, and remains a privately owned company. During this period the company has evolved from a small scale frozen retail cutting operation to a world class food company, serving the retail, foodservice and manufacturing sectors. Today we are a diversified food manufacturer with strong market positions in Poultry, Red Meat, Chilled, Bakery and Frozen categories. We focus on delivering the highest quality product to our customers at the lowest cost. Our UK customers include Aldi, Asda, British Airways, Costa, Co-op, Harrods, KFC, Lidl, Marks & Spencer, Morrisons, Sainsburys, Tesco and Waitrose.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Premier Foods

St Albans, United Kingdom

Category Company
Founded 1975
Sector Food
Employees4,000
Revenue 1.1B GBP (2024)
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 5 of 9
Sector (Food) 4 of 8
Type (Divestiture) 4 of 7
Country (United Kingdom) 4 of 7
Year (2011) 3 of 4
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Premier Foods’ East Anglian

United Kingdom

Premier Foods’ East Anglian canning operations provides food product services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 Premier Foods’ Irish Brands

Iran

Premier Foods’ Irish Brands comprising Chivers, Gateaux, McDonnells and the Erin licence (“the Irish Brands”)

Sell €41M