Edible oils business snapped up in €9.8m deal

Credit: Endless LLP

Endless portfolio company KTC Edibles, the Wednesbury-based supplier of edible oils, has acquired Trilby Trading in a €9.8m deal.

Trilby, an Irish bulk distributor of edible oils, delivers around 60,000 tonnes per year to manufacturers in the food processing industry, and is part of parent group Greencore.

The acquisition will take the combined turnover of the KTC Group to more the £600m and increase access to the Irish market.

Paul Ward, managing director of Trilby, said “We are very excited to be joining the KTC family as we see fantastic synergies between KTC and Trilby which will bring significant growth to our business as we continue to support our valued customers through service and product development: .

Paresh Mehta, CEO of KTC, said “The acquisition of Trilby is excellent news for both businesses. We are excited by the partnership and how it will support our growth ambitions in Ireland.

“The Trilby team have demonstrated impressive skill in supporting their customers through a challenging period in edible oils over the last eighteen-months, and we see great potential in Trilby as an on-the-ground platform for KTC in Ireland.”

KTC was advised by Eversheds Sutherland LLP (Legal) and Interpath Advisory LLP (Tax).

Greencore was advised by KPMG LLP (Corporate Finance), PwC (Tax) and Arthur Cox LLP (Legal).