LDC backs MBO at £20m biscuit firm
Private equity investor LDC has backed the management buyout of Manchester-based Hill Biscuits.
Following the transaction, the 150-year-old business plans to kick-start a multi-million-pound capital investment programme to expand its production capacity and develop new products to take advantage of rising demand from current and new customers.
Hill, which has annual sales of £20m, also said it would be seeking strategic acquisitions to build further scale and diversity, as well as implementing a new international sales strategy... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
