Rod Garland, director of Redwood, a supplier of vegan foods to the health trade, said the acquisition would yield significant synergies for both parties, which he described as ‘completely compatible’.
“Heather shares the same values and aims as us, namely to spread compassion across the planet and promote a healthy and more ethical lifestyle,” he said. “The acquisition will enable us to accelerate growth of the Redwood brand around the world and allow Heather to promote veganism globally through her own restaurants and brands. Being a primary manufacturer is important as it gives much greater control over ingredients and quality.”
Heather Mills said that she was absolutely delighted to have acquired the company. “I’ve been a fan of Redwood and its ethical, compassionate foods for many years,” she said. “For me, buying the company is a dream come true.”
Redwood director Keith Stott added that, although the company had been approached by many potential suitors, Heather’s values most closely aligned with Redwood’s.
“We’re delighted that the business has been acquired by someone with the dynamism and passion of Heather,” he said. “We’ve been approached by many large food manufacturers in the past, but have never wanted to jeopardise the future of our employees – who we value so much – or our factory, by selling the business to a large corporation. By selling to Heather, we’re protecting our loyal staff and also our base in Corby.”
Source: The Redwood Company
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