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Eversheds advises Greencore in food to go acquisition

  • Global
  • United Kingdom

    26-07-2016

    Eversheds has advised leading international convenience food producer, Greencore on the £15m acquisition of The Sandwich Factory Holdings Limited from Cranswick plc.

    The Sandwich Factory operates from a single facility in Atherstone, Warwickshire, where it produces a range of food to go products for distribution in the convenience store and food service channels. Net revenue from manufactured products in the financial year ended 31 March 2016 was £42m.

    The Eversheds team was led by corporate partner Amanda Partland, with assistance from principal associate David Milne and associate Becky Ashurst.

    The acquired business will extend Greencore's presence in the high growth food to go category outside of its current core business with large grocery customers. The facility also offers an opportunity to modestly increase overall capacity across Greencore's food to go network and will bring new capabilities in short‐run, specialist product formats.

    Amanda Partland commented:

    “We are extremely pleased to have assisted Greencore on this investment – a strategic move which will help complement and support the growth plans for their UK business. We look forward to working with the Greencore team on future transactions.”

    Peter Haden, Chief Development Officer, Greencore, said:

    “We are very grateful to Amanda,David, Becky and the team at Eversheds for their fantastic support throughout this transaction. Their commercial approach was particularly valuable and was critical to us delivering the deal within a tight timeline.”

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