Company News, Deals
Sale of Elsinore Foods
1–2 minutes
We advised the owner of Elsinore Foods Ltd on its sale to Golden Acre Dairy Foods Holdings Ltd, a nationwide supplier to major retailers such as Waitrose, Tesco and Ocado.
Company background
Based in Melbourn, Cambridgeshire, Elsinore Foods is a market leading supplier of niche seafood and delicatessen products. Formed in 2009 through a management buyout from Danfood Ltd, Elsinore specialises in continental meats, cheeses, yoghurts, pastry, spices and other delicacies.
What was special
PEM advised on the sale of Elsinore to Golden Acre following a competitive process involving a number of other buyers. The two companies had clear synergies in terms of logistics and product, making Elsinore an ideal strategic acquisition for Golden Acre.
Deal structure
Sale shares to large corporate purchaser.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.
