UK private equity firm Endless has acquired edible oils and tinned foods supplier, KTC Edibles, for an undisclosed sum.
Headquartered in Wednesbury, West Midlands, KTC supplies over 250 million litres of cooking oil annually to manufacturers, retailers and wholesalers across the UK and worldwide.
The company also produces canned foods, sauces and condiments, as well as dry foods such as pasta, rice and lentils.
KTC has over a £400 million turnover, four production sites and employs 450 members of staff.
Paresh Mehta, CEO of KTC, commented: “This is fantastic news for KTC. While it is business as usual, we are excited by the opportunities new ownership will bring and we look forward to continuing our rapid growth and development. We would also like to thank the Khera family for building such a strong business and supporting the company and its employees over the last 50 years.”
The acquisition of Endless will enable the company to continue its expansion plans through further development of its operations, range and service offerings.
The investment will add another British food company to the firm’s existing portfolio, which includes Hovis, Bright Blue Foods and Yorkshire Premier Meat.
© FoodBev Media Ltd 2022
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