Disposal of Haydens Bakery to Bakkavor

DATE
September 2018

TRANSACTION TYPE
Corporate Disposal

VALUE
£12 Million

SECTOR
Food & Beverage

Spayne Lindsay & Co. advises Real Good Food plc on the sale of Haydens Bakery to Bakkavor

Spayne Lindsay is delighted to announce that it has advised on the sale of Haydens Bakery, a leading UK-based manufacturer of premium, sweet bakery products, to Bakkavor, a leading global provider of fresh prepared foods.

Established in 1976, as a family run bakery shop in Wiltshire, Haydens Bakery was acquired by Real Good Food plc in 2003. The Business sells principally to major retail customers and operates a same day consolidation service for one of its major customers. It operates from two sites in Devizes, Wiltshire and has c.480 employees.

Hugh Cawley, CEO of Real Good Food plc, commented:

“We are grateful to Spayne Lindsay – a truly impressive adviser – who played a key role in the success of this transaction.  Whereas advisory firms frequently do little more than bring the parties together and interject occasional snippets of advice, Spayne Lindsay were positively different; they were excellent, active, honest brokers, keeping the momentum and helping steer the deal to a conclusion successful for all parties.”