Management buyout completed at food production company

A management buyout has been completed at a £29m-turnover food production company for an undisclosed sum, backed by their current bankers HSBC. The management team of Tadcaster-based Ibbotsons Produce was advised on the deal by Tariq Javaid, partner at accountancy firm Garbutt + Elliott, along with Matthew Smith from Andrew Jackson Solicitors. Ibbotsons potatoes was founded by Peter Ibbotson in 1982, initially supplying chefs with specially selected varieties. The business gradually grew  its customer base, taking in retail, ... For the full story register now for free or login below...
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