Winterbotham Darby secure agreement with PAI Partners
We are pleased to announce that Winterbotham Darby have secured an agreement for PAI Partners to become our new majority shareholder. Completion remains subject to the relevant regulatory approvals.
PAI Partners is also announcing a simultaneous agreement to buy a majority holding in Addo Food Group alongside Winterbotham Darby. Both deals are subject to clearance by the European Competition Commission.
A platform for growth
Winterbotham Darby and Addo Food Group are both equally successful added value chilled food companies and these acquisitions create a platform that will accelerate growth opportunities for the customers of both businesses. The objective of this acquisition is to build the best added value chilled food company in the UK.
For our customers and employees it will be business as usual, with the same management team, headed up by Steven Higginson, working with the new major shareholders. All Winterbotham Darby sites and offices will continue to operate in the same way.
CEO Steven Higginson, said: “We have enjoyed a very successful partnership with Equistone, which has supported us to significantly enhance our presence in the UK grocery market and establish Winterbotham Darby within a number of new, fast-growing chilled food segments.
We are excited to be entering the next phase of our development with PAI Partners’ support, where our focus will remain on providing outstanding service and an innovative range of high-quality products to our valued customers.
“Winterbotham Darby will continue to be led by its existing management team, who have a strong and lengthy track record of driving successful innovation. We look forward to working with PAI Partners to deliver our growth plans over the coming years.”
November 9, 2020
2 minute read