Fuchs Group, Germany’s largest spice producer, has acquired 100% of the shares of Bart Ingredients from the private equity firm Langholm Capital, for an undisclosed sum.
The United Kingdom is the third largest market for herbs and spices in Europe. By acquiring Bart Ingredients, the Fuchs Group continues their international growth strategy and significantly enhances their market position in the UK.
Over many years, Bart Ingredients have played a leading role in the development of the UK market including introducing organic and Fairtrade products and most recently the acquisition of OTP Foods allowing development of wet ingredients.
Bart Ingredients offers premium branded as well as private label products for the UK retail market. In the last fiscal year, the company generated a total revenue of over £25 million and employs more than 180 people.
Nils Meyer-Pries, CEO of the Fuchs Group said: “The acquisition of Bart Ingredients complements our existing portfolio of businesses and secures more market coverage in line with our growth strategy. In our discussions with Bart Ingredients it is clear that the philosophies and people of both companies are well matched.”
David Collard, CEO of Bart Ingredients said: “We are delighted to be joining the Fuchs family. We have admired their leadership in our industry and believe that our strategies are totally aligned. We look forward to developing our business as part of The Fuchs Group.”