Acquisition of West Cornwall Pasty Co. by Samworth Brothers

DATE
December 2016

TRANSACTION TYPE
Corporate Acquisition

VALUE
£ Undisclosed

SECTOR
Retail & Leisure

Spayne Lindsay is delighted to announce that it has advised Samworth Brothers, one of the UK’s leading food manufactures and a fourth generation family business, on its acquisition of West Cornwall Pasty Co. (WCPC) from Enact, an EIS Fund managed by Endless LLP.

WCPC, the UK based Food-To-Go Pasty chain, operates 53 owned and franchised units across travel, high street and sports locations. The acquisition of WCPC presents an opportunity for Samworth Brothers to build on their strong foundation in premium savoury pastry retail products with an ‘on-the-go’ route to market.

Richard Armitage (Group Finance Director) on behalf of Samworth Brothers commented:

“Once again we have been pleased to work with the Spayne Lindsay team to deliver us another off-market transaction.

We are delighted to be able to bring the West Cornwall Pasty Co into the Samworth Brothers family of companies. We are able to offer many opportunities for the future growth of the business and an exciting future for our new colleagues. Enact has done a great job of nurturing the business since 2014 and we are confident of being able to continue their good work”