Hot puddings company sell out
Farmhouse Fare, the puddings company, has been sold to Daniels Chilled Foods (DCF) for an undisclosed sum.
The acquisition of the company, founded in 1998 by Helen Colley, will provide DCF with an entry into the hot puddings market.
Farmhouse Fare reported a turnover of £4.7m last year, and has won several awards in its short history.
Colley’s business has come a long way since she founded it eight years ago using a £250 overdraft facility, and working in a farmhouse kitchen provided by her parents.
She will remain as managing director of the company and the deal is likely to mean that the company’s headquarters in Clitheroe, Lancashire, will expand.
“Daniels Chilled Foods has a proven and enviable track record in profitable, sustained brand development and will help to accelerate the growth of Farmhouse Fare,” she said.
“I am looking forward to forging a highly successful partnership with the Daniels’ team and taking Farmhouse Fare to exciting new levels.”
Rob Burnett, chief executive officer, said DCF was “totally committed to preserving traditional food values without compromising on quality.
“The quality and values of the Farmhouse Fare product range complement other brands within the Daniels Chilled Foods’ portfolio.
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“Significantly, Farmhouse Fare is already growing strongly in a highly competitive marketplace and the company has an excellent relationship with retailers through the supply of branded and private label products.”
Daniels Chilled Foods is a £75m business and is part of the global food manufacturer, Singapore Food Industries.
The company operates across seven UK manufacturing sites and its headquarters are in Killingbeck, Leeds.
© Crimson Business Ltd. 2006