British ingredients supplier secures multi-million pound factory
Sleaford Quality Foods has completed the multi-million pound acquisition of an eight acre site. The deal was advised by East Midlands law firms Sills & Betteridge and chartered accountants BDO.
The purchase had to be completed quickly in order to limit the impact on production and the effect on the customer supply chain.
The UK-based company is a supplier of a range of ingredients including: dehydrated/dried fruits and vegetables, herbs and spices to the food manufacturing and foodservice industries.
James Arnold, managing director of Sleaford Quality Foods, says, “We viewed the site and decided that it was a perfect location and would meet the requirements of the business.
“Our current turnover is £55m and we have significant plans to grow and develop. The new site provides us with the ability to continue this expansion.”
Advisers in the transaction included: Martin Walsh from Sills & Betteridge Solicitors, Mark Ellis and James Flint from BDO, Katherine Bunting from Chattertons advising Great Plains and Gateley PLC who advised Lloyds Bank.