Baking firm cooks up £9m swoop for snack bar maker
Baking ingredients business Real Good Food, which has a significant development facility in Liverpool, has acquired 84% of food manufacturing company Brighter Foods for £9m.
AIM-listed Real Good Food said Robin Williams will remain as chief executive of Tywyn-based Brighter Foods.
It said the £9m would be paid on a cash and debt free basis in two equal instalments – on completion and on finalisation of Brighter Foods’ 2017/18 accounts.
The sum will be found from the group’s existing debt facilities.
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