Private equity house set to make £100m swoop for Nottingham food firm
A Nottingham food company is set to be sold to a private equity house in a £100m deal this week, TheBusinessDesk.com has learned.
LDC is said to be lining up a move for Addo Food Group, which owns Pork Farms, Wall’s, Millers and other household brands and runs the Tottle and Riverside bakeries in Nottingham. The firm has six locations around the UK, including a second in the East Midlands at Spalding Bakery in Spalding.
Addo also owns Dorset Foods in Shaftesbury, Palethorpes Bakery Market Drayton and Poole Bakery in Poole.
In January, Spalding Bakery said it was looking to cut 46 jobs.
Addo rebranded from Pork Farms in 2015. Its main customers are supermarkets. The firm sells 256 million products a year and has sales of around £264m. For the year ending 26 March 2016 the firm made an operating profit of £9.9m.
The firm, which declined to comment on the sale, employs around 2,500 people across its UK sites.
LDC also declined to comment.
