M&A Deal Summary

Adams Food Ingredients Acquires FoodTec UK

On July 30, 2014, Adams Food Ingredients acquired food company FoodTec UK from Dairy Crest Group for 1M GBP

Acquisition Highlights
  • This is Adams Food Ingredients’ 1st transaction in the Food sector.
  • This is Adams Food Ingredients’ largest (disclosed) transaction.
  • This is Adams Food Ingredients’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-07-30
Target FoodTec UK
Sector Food
Buyer(s) Adams Food Ingredients
Sellers(s) Dairy Crest Group
Deal Type Divestiture
Deal Value 1M GBP

Target

FoodTec UK

Crewe, United Kingdom
FoodTec UK Ltd. is a provider of powder blending ingredients business which focuses on Gluten Free, Bakery and other specialist nutrition products.

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Buyer(S) 1

Buyer

Adams Food Ingredients

Leek, United Kingdom

Category Company
Founded 1989
Sector Food
DESCRIPTION

Adams Food Ingredients Ltd. is a food ingredient powder blending business which specialises in sourcing, formulating, blending and packing food ingredients for UK food manufacturers and nutrition brands.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Dairy Crest Group

Esher, United Kingdom

Category Company
Founded 1933
Sector Food
Employees1,180
Revenue 456M GBP (2018)
DESCRIPTION

Dairy Crest Group plc, a dairy food company, processes and sells fresh milk and branded dairy products in the United Kingdom and internationally. It offers various cheese products, including cheddar cheese under the Cathedral City, Davidstow, and Chedds brands; and butter and spreads under the Country Life, Clover, Utterly Butterly, Vitalite, and Willow brands.


DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Divestiture) 2 of 2
Country (United Kingdom) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-29 St Hubert

Rungis, France

St Hubert produces and markets spreads in France. St Hubert was founded in 1989 and is based in Rungis, France.

Sell -