Crewe pastry firm on food group’s acquisition menu
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The Compleat Food Group, formed through the merger of Addo Food Group and Winterbotham Darby in January 2021, has agreed the acquisition of Crewe-based Wrights Food Group.
The acquisition, for an undisclosed sum, further strengthens The Compleat Food Group providing incremental scale while continuing its diversification into the foodservice/B2B channel and expanding the group’s customer base.
Paul Monk, executive chair of Surrey-based The Compleat Food Group, said: “We are delighted to welcome the Wrights Food Group into our pastry division.
“This move enables us to better serve our customers and offer a greater range of products, helping the group to further strengthen its position in UK Retail and Food Service.”
Wrights Food Group chairman, Peter Wright, said: “This business has been built on the foundations of family values, quality and providing the best possible service to our customers.
“Our merger with the Compleat Group is a decision which we feel builds on the legacy which the Wrights family has worked so hard to create over 96 years.
“Becoming an integral part of a larger group is good news for everyone involved. We are looking forward to a future of further growth and the natural expansion of our much loved and highly valued Wrights products and brand.”
The Compleat Food Group was advised by Alvarez and Marsal, Dickson Minto and Houlihan Lokey. Wrights Food Group was advised by Oghma Partners and Knights.