Brighter Foods Sold to The Hut Group
Brighter Foods Sold to The Hut Group
Transaction
Overview
Spayne Lindsay is delighted to announce that it has advised Real Good Food plc (‘RGF’) on the sale of Brighter Foods Ltd (‘Brighter’), to THG plc (‘THG’) for £43m.
Founded in 2014, Brighter is an award-winning developer and manufacturer of snack bars with a proven track record of working in partnership with leading international snack bar brands, including an increasing number of blue-chip customers, and innovative small and medium sized companies. From its factory in Tywyn, in mid-Wales, Brighter develops and manufactures a breadth of bars with a variety of ingredients, nutritional requirements, toppings, finishes and formats.
“The value being realised from the sale of Brighter Foods is a good outcome for Real Good Food which will enable the Group to halve its debt and eliminate its pension deficit. I am very grateful for the hard work and support given to us by Shaun Brownell and the team at Spayne Lindsay; their knowledge, professionalism, commitment and advice were invaluable. They are a great team to work with and a team you want on your side."
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