Fuchs acquires UK-based Bart Ingredients
23 Oct 2017 --- Germany’s largest spice producer, Fuchs Group, has acquired 100 percent of the shares of Bart Ingredients – the second largest herbs and spices company in the UK – for an undisclosed sum. Bart Ingredients, previously owned by private equity firm Langholm Capital LLP, has been transformed significantly with an award-winning brand position, bespoke customer relationships together with enhanced and leading processes.
The UK 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 has 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 stands for the highest quality and offers premium brands as well as private label products for the UK retail market. In the last fiscal year, the company generated a total revenue of £25m (US$32.9 million) and employs more than 180 people.
“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 it is clear that the philosophies and people of both companies are well matched,” comments Nils Meyer-Pries, CEO of the Fuchs Group.
“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,” says David Collard, CEO of Bart Ingredients.
