Conditional Sale of Pipers Crisps to Pepsico

TombstoneV32-1 Conditional Sale of Pipers Crisps to Pepsico

DATE
November 2018

TRANSACTION TYPE
Corporate Disposal

VALUE
£ Undisclosed

SECTOR
Food & Beverage

Transaction Overview

Spayne Lindsay is delighted to announce that it has advised on the sale of Pipers Crisps Ltd. (‘Pipers’), the UK’s fastest growing premium crisp brand, by Pepsico, the multinational food, snack and beverage corporation.

 

Founded in 2002, Pipers is an award-winning premium snacking brand producing a range of bold flavoured, authentic crisps and low-calorie snacks from its headquarters in Lincolnshire. The business has a well-established position in the out of home market – supplying c.14,000 customers across the UK – along with a rapidly growing international business that now has a presence in 40+ countries around the world.

 

The acquisition is subject to approval by the Competition and Markets Authority, which it is envisaged will be concluded early in 2019.

 

Ian Ellington, General Manager of PepsiCo UK said:

 

“Pipers share our uncompromising commitment to delivering on taste and quality and we’ve long-admired their entrepreneurial spirit. The Pipers’ brand has a strong proposition within the market, with stand-out taste, flavours and appeal.”

 

James McKinney, Managing Director of Pipers Crisps said:

 

“We’ve developed innovative products to suit evolving tastes while establishing a strong foothold in the market. PepsiCo’s commitment to accelerating the growth of the Pipers brand means more people will be able to enjoy the unique, award-winning flavour of Pipers crisps.”

Contact Spayne Lindsay for further information

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