Food manufacturer acquired in deal that promises long term investment

Glendale Foods Group, the Salford-based specialist frozen food manufacturer, has been acquired by the Shallan Group, for an undisclosed sum.

The Shallan Group is a London-based investment specialist.

Glendale is primarily a dedicated private label supplier providing high quality, customer-specific products but, also operates through brands including Glendale Foods, The Great British Pudding Company and Yankee snacks. It supplies retailers, foodservice providers and ready meal manufacturers.

Founded in 1982, it has a bespoke development centre at its head office in Salford, and is well invested and continues to invest in its manufacturing capability that matches the passion for innovation.

Glendale management team, Paul Burkitt and Mark Jones, said: “This is a great next chapter for Glendale Foods, we are delighted to have found investors who share the same values as ourselves and very much look forward to seeing the continued growth and success of the business.”

The firm was advised on the deal by Oghma Partners. Partner, Mark Lynch said: “They are an ideal partner, given their strategic, long term approach, and desire to support the business with capital and industry experience.”

Director of the Shallan Group, Shafin Somji, said: “We saw Glendale Foods as an excellent investment opportunity being well placed in its markets with strong products, a strong team, and an overall solid foundation on which to grow.

“We view Glendale Foods as a strategic long term purchase and, therefore, look forward to supporting the business with capital as well as our sector expertise, given our frozen food experience in North America. We are excited for this next phase of Glendale’s growth story.”

Paul Burkett and Mark Jones took control of Glendale in January 2016 through a partial shareholder buyout, leaving full control to the management team which steered the firm through a crisis caused by a major fire in 2012.