KTC Edibles has acquired Scotland-based margarine manufacturer, Cardowan Creameries, for an undisclosed sum.
The addition of Cardowan bolsters KTC’s edible oils offering, which is distributed to UK foodservice, wholesalers and food manufacturers.
KTC plans to continue investing in Cardowan’s Glasgow site to further increase capacity and drive sales growth.
John Kyle, chairman and owner of Cardowan, said: “As a longstanding family business with a rich heritage, it was crucial to find the right home for Cardowan. We have found this in KTC, which is an excellent cultural and business fit. This deal represents an exciting opportunity to accelerate Cardowan’s strategic growth plans and is a compelling addition to KTC.”
Paresh Mehta, CEO of KTC, commented: “The purchase of Cardowan by KTC is excellent news for both businesses. We are excited by the opportunities that Cardowan brings to KTC to expand our offering and to service all our customers. I would like to thank John Kyle and Lesley McGhee for their support throughout the process.”
KTC is owned by private equity firm Endless, which acquired the edible oils supplier in May last year.
© FoodBev Media Ltd 2022
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