Case study

Addo Food Group: Supportive secondary buyout

Private equity partnership for owner of Walls savoury pastries and Pork Farms pork pies furthers market leadership.

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Sector
  • Retail & consumer

Addo Food Group is the UK's leading chilled savoury pastry producer.

Employees: 2500

Deal type
  • Secondary buyout

Headquartered in Nottingham, Addo Food Group (Addo) is the UK’s leading chilled savoury pastry producer, producing more than 287 million products each year.

The business manufactures a range of own brand and branded products including sausage rolls, hot pies, slices, pork pies, scotch egg products and quiches, which it supplies to the UK’s leading names in food retail including all the major supermarkets.

We are confident that the group will continue to grow volume and profitability through innovation, customer service, product quality and continued investment in its assets.”
Deborah Bolton, CEO
Addo Food Group

Continued growth strategy

In April 2017, LDC backed the secondary buyout of Addo to support the management team’s continued growth strategy.

This included further investment in product innovation, expansion into new markets through organic growth and potential acquisitions in adjacent markets.

Savouring success

In 2018, Addo’s strong performance led to a ranking of 16th on the Nottingham Post’s Top 200 Nottinghamshire Companies as well as the business’ highest-ever listing on the Sunday Times Grant Thornton Top Track 250 at 92nd place.

The support of a strategic partner like LDC has been invaluable in providing the capital and guidance to help us carry out our growth ambitions and we’re looking forward to implementing the next stage of our strategy.”
Chris Peters, Non-Executive Director
Addo Food Group

Awards

The Sunday Times Top Track 250

2018

Deal of the Year

Insider Midlands Dealmakers