M&A Deal Summary

Napier Brown Foods Acquires James Budgett Sugars

On July 7, 2004, Napier Brown Foods acquired food company James Budgett Sugars from Greencore for 18M GBP

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

M&A Deal Summary
Date 2004-07-07
Target James Budgett Sugars
Sector Food
Buyer(s) Napier Brown Foods
Sellers(s) Greencore
Deal Type Divestiture
Deal Value 18M GBP

Target

James Budgett Sugars

United Kingdom
James Budgett Sugars Ltd. is a supplier of sugar and a global merchant in agricultural products. Budgetts imports refined sugars from other members of the European Union and raw cane sugars from the African, Caribbean and Pacific 'sugar protocol' countries. It distributes sugar throughout the UK to manufacturers of food, soft drinks, pharmaceuticals and animal foods.

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Buyer(S) 1

Buyer

Napier Brown Foods

London, United Kingdom
Category Company
Sector Food
DESCRIPTION

Napier Brown Foods has facilities in Normanton, Runcorn and Thornbury. It is focused on the supply of sugar, value-added sugar and nut products and dairy powders and associated food products. Napier Brown Foods provides a comprehensive service to customers throughout the industrial, retail and catering sectors of the food industry supplying customers such as the RHM Group, Kelloggs, Tesco, Morrisons, Cadbury Schweppes and Thorntons. In the retail and food services trade it supplies under the 'Whitworth' brand.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Greencore

Dublin, Ireland
Category Company
Founded 1991
Sector Food
Employees13,600
Revenue 1.9B GBP (2023)
DESCRIPTION

Greencore Group is a food company, offering sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings. Greencore Group was founded in 1991 and is based in Dublin, Ireland.

DEAL STATS #
Overall 9 of 19
Sector (Food) 8 of 14
Type (Divestiture) 9 of 19
Country (United Kingdom) 4 of 8
Year (2004) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-20 William Rodgers Foods

Kirkby-in-Ashfield, United Kingdom

William Rodgers Foods Ltd. manufactures pasta in sauce and savory rice and a variety of dried packaged groceries in private label formats.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-05 Greencore Pizza

Deeside, United Kingdom

Greencore Pizza was involved in the manufacture of both topped pizza and pizza crusts, primarily for the retail multiple market. Greencore Pizza, Ltd. is based in Deeside, United Kingdom.

Sell -
Mergr

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