Tuber Group, primarily based close to Hull, has acquired plant-based comfort meals producer Saxon Meals in Scunthorpe from the Abbeydale Meals Group, for an undisclosed sum.
Having acquired Nation Chef in 2011 and renamed it Saxon Meals, Abbeydale Meals Group has developed it from a B2B enterprise serving meals producers into a serious supplier of added worth frozen greens, supplying a lot of the UK’s main supermarkets and wholesalers in addition to the meals service market. Its merchandise are additionally offered into continental Europe.
The corporate’s vary of allergen free frozen merchandise consists of jacket potatoes, mint and chilli peas, mushy pea pots, potato skins, wholesome baked chips, and curry sauce pots. Saxon Meals is predicated in Scunthorpe and employs an 80-strong workforce.
The acquisition of Saxon Meals, which accomplished on fifth November 2021, broadens Tuber Group’s providing. Primarily based in Hessle, the corporate was based in 2017 by Steven Humphrey to produce potatoes to meals processors and packers within the UK. It procures a variety of contemporary and frozen produce for meals processors and meals service companies worldwide. The group operates within the UK, Spain, Egypt, Asia, USA and Africa. It provides over 30 completely different contemporary and frozen meals commodities at anybody time, starting from its personal model ‘Cooks Finest’ mayonnaise to potatoes, candy potatoes, onions and citrus.
Following the acquisition of the Saxon Meals enterprise and its accredited BRC AA grade processing facility, Tuber Group will retain the Saxon Meals buying and selling identify and all jobs on the North Lincolnshire website have been transferred to the brand new proprietor.
Steven Humphrey, managing director of Tuber Group, feedback: “Having began as a potato provider, in recent times we’ve expanded our providing to incorporate a various choice of contemporary and frozen produce. The acquisition of Saxon Meals is a an important alternative to construct on the nice work Abbeydale Meals Group has carried out with the enterprise and the implausible workforce it has established.
“We imagine we’re finest positioned to drive the corporate’s continued growth, taking it to the following stage and including important worth to the UK frozen meals sectors with the advantage of our world procurement capabilities, in addition to our plans for exporting added worth cooked British potatoes merchandise globally.
“We intention to double the present turnover inside three years and, after reaching this, we could have established a sizeable operation that will likely be shopping for in extra of 250 tonnes of contemporary potatoes and 150 tonnes of candy potatoes each week.”
Andrew Hayes, managing director of Abbeydale Meals Group, explains: “After being a part of Abbeydale for the final 10 years, we imagine that Tuber Group is a pure residence for Saxon, enabling the enterprise to realize from the group’s buying advantages. The brand new proprietor additionally has some thrilling plans to construct on Saxon’s success and take it to the following stage in its growth.
“The sale can even enable Abbeydale to give attention to creating different elements of the group, together with our Summit Meals enterprise which has already doubled within the final 24 months.”
The advisers to Tuber Group included Mike Shares of Smailes Goldie Accountants in Hull; Byron Swarbrick of James Authorized Solicitors in Hull; and Phil Trueman of Attain Business Finance in Leeds.
Authorized advisers to Abbeydale Group have been Richard Naish and Kayleigh Watson of Walker Morris in Leeds; and monetary advisers have been Stamford Companions.
Tuber Group consists of Tuber Produce Restricted which has places of work internationally and trades all kinds of contemporary and frozen meals commodities to shoppers globally, from the UK and Europe to Australia. As well as, Prime International Commerce specialises in buying and selling all kinds of meals commodities worldwide, with a give attention to citrus, avocados and nuts from Africa and South Africa. The group additionally consists of Tuber Produce USA Inc which is a stand-alone contemporary and frozen meals import/export enterprise. From its base in Rocky Mount, North Carolina, the corporate provides 1000’s of tonnes of candy potatoes a yr on to UK and European processors and retailers, in addition to supplying shoppers throughout the US and, most just lately, British strawberries to prospects in New York.