£100m swoop planned for food group
A Midlands food company is set to be sold to a private equity house in a £100m deal this week, TheBusinessDesk.com has learned.
LDC is lining up a move for Addo Food Group, which owns Pork Farms, Wall’s, Millers and other household brands. The group, which rebranded from Pork Farms in 2015, supplies around 256m products a year, mostly to supermarkets.
The firm, which is headquartered in Nottingham, has six locations around the UK, including Pork Farms’ site in Market Drayton and Palethorpes Bakery Market Drayton. It employs around 2,500 people across its UK sites.
Addo has sales of around £264m and in the year to March 26, 2016, the firm made an operating profit of £9.9m.
Both Addo and LDC declined to comment.
