Tangerine deal creates new confectionery opportunity
Tangerine, the Blackpool-based confectionery firm, has bought the confectionery arm of Burton’s Foods for an undisclosed sum. The deal creates the UK’s largest independent sugar confectionery firm increasing Tangerine’s turnover from around £45 million to nearly £60 million.
Commenting on the deal, Tangerine chairman Steven Joseph said,“This is fantastic news for Tangerine, and confirms our position as the leading supplier of sugar confectionery. The acquisition of the confectionery division of Burton’s Foods is a great opportunity. The products and expertise are an excellent fit with our business and development plans.
This acquisition is the second major development for the company this year. In January the Tangerine Confectionery management team acquired Toms UK, the UK operation of Toms of Denmark with the support of Close Growth Capital Limited.
The latest deal includes the Burton’s factory at Vicarage Lane, Blackpool, where around 180 people work. Tangerine already employs 450 people at sites in Liverpool, Poole and its headquarters in Blackpool. The move significantly
increases the company’s capacity for gum and jellies production – one of the
fastest growing areas of the confectionery market.
The Burton’s business operates from a 9.4 acre site and will add new products such as Liquorice Allsorts and Dolly Mixtures to the Tangerine portfolio, which already includes brands such as Mojo chews and Princess Marshmallows, as well as a wide range of own-label products for retailers.