KTC Edibles Group proposed sale to Whitworths Food Group
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KTC Edibles Group proposed sale to Whitworths Food Group
Transaction
Overview
Spayne Lindsay & Co. is delighted to announce that it has advised Endless LLP on the proposed sale of KTC Edibles Group to Whitworths Food Group.
KTC Edibles Group (“KTC”) is a vertically integrated edible oils and fats platform with a critical role in the UK food industry, supplying over 370,000 tonnes of oils and fats across all major food channels. The group has sales of over £500 million and employs 450people across its five manufacturing and distribution sites in the UK and Ireland.
Endless acquired KTC in May 2022 and has invested heavily in the business over the last three years. Working alongside incumbent CEO, Paresh Mehta, turnover has grown by over £150 million and profitability has more than doubled. This growth has been achieved via the successful introduction of a new management team to support Paresh, significant capital investment across the manufacturing sites together with the successful acquisitions of Cardowan, a Scottish specialist margarine manufacturer, and Trilby, an Irish bulk distributor of edible oils.
Originally founded in 1886, Whitworths Food Group (“Whitworths”) is the UK’s leading flour milling business. The George family have owned the business since the 1930s and have grown it to over £600 million revenue. Whitworths has ten mills across the UK and supplies almost exclusively into food manufacturing.
Spayne Lindsay is delighted to have advised Endless from start to finish on their investment journey, having advised them on the initial acquisition of KTC in May 2022 through to the recent successful sale.
“It has been great working with the team at Spayne Lindsay both on our original acquisition of KTC in 2022 and on the recent successful sale process. Their in-depth sector knowledge, network and strategic advice throughout the process played a significant role in delivering a successful outcome for shareholders. We would highly recommend Spayne Lindsay and look forward to working together on future transactions.”
Our deep industry knowledge, global perspective and strong relationships make us a trusted advisor to leading consumer companies and investors
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