Posted on 26th Feb 2015
Symington’s acquires Tanfield Foods
Symington’s Ltd, the branded convenience food manufacturer today confirmed that it has completed the acquisition of specialist food producer Tanfield Foods. The deal brings together two major suppliers in the UK ambient convenience food sector and is a major boost to creating value and investment into the category.
Tanfield Foods has built up an enviable reputation for the development high quality innovative meals and specialist nutrition. The portfolio contains the ‘Look What We Found’ brand, the Ilumi free from brand and a range of Own label products for the major uk retailers.
The acquisition further strengthens Symington’s position in the ambient convenience food category and is a perfect complement to its existing portfolio of brands which includes Mugshot, Ragu, Chicken Tonight and Ainsley Harriott.
Commenting on the acquisition, David Salkeld, CEO at Symington’s said:
“The Tanfield Foods acquisition is a positive step forward in strengthening our position in branded convenience food and we welcome the people of Tanfield Foods to the Symington’s family. Our 2 companies have a proven track record of success in product innovation and brand development in these growing categories and working together we are very well placed to continue to surprise and delight our consumers.
Geoff Allison, Managing Director at Tanfield Foods commented:
“Tanfield Foods has come a long way since its inception nearly 10 years ago but needs to change to secure its future. I am delighted with the Symington’s deal as a combination of their strong retail relationships and extensive brand portfolio alongside our highly skilled team, top quality production facilities and modern packaging formats will drive rapid sales growth. We are looking forward to helping develop further the ambient convenience food sector. It’s exciting times ahead.”
The business plan seeks to make Tanfield the centre of excellence in the Symington’s group for ambient wet products, and leverage the Symington’s brand portfolio and sales and marketing skills to further develop and grow the Tanfield business.
20th October 2014Tweet