Share

Home   Kent Business   County News   Article

National food distributor BFP Wholesale in Sevenoaks which supplies Krispy Kreme and Greggs sold by French owners Lesaffre to Zimt Holding

05 August 2014
by Chris Price

National food distributor BFP Wholesale, based in Kent, has been sold by its French owners to a private equity consortium.

The Sevenoaks-headquarted firm, which supples chilled and frozen products to more than 4,000 customers around the country, was sold by Lesaffre to Zimt Holding.

The company had a turnover of £75m last year, selling 50,000 tonnes of food to clients like Krispy Kreme and Greggs.

BFP Wholesale supplies clients like Krispy Kreme doughnuts

BFP Wholesale supplies clients like Krispy Kreme doughnuts

BFP Wholesale managing director Nick Harris said: “In Zimt Holding we have found a strong partner that is fully aligned with our goals and has the resources to help us drive the next phase of the company’s development.

“Seasoned executives will join the board to support us in our strategy.”

Lesaffre’s general manager of baking Western Europe Marc Casier said: “The sale reflects a strategic choice to focus on our core activity of yeast production and sale and we are very pleased to have found an ambitious buyer for BFP.”

The consortium, led by David Burresi and Sebastian Sipp, combines more than 70 years’ experience in private equity.

Mr Sipp said: “BFP presents an exciting opportunity for accelerated growth in the years ahead.

“By deploying our significant operational and management expertise, we will be working closely with the management team to develop BFP’s purchasing and distribution processes and will invest in its personnel and information systems to enable the firm to take advantage of a fast-changing environment.”

Lesaffre was advised on the deal by consumer advisory firm Leopold Capital Partners and Linklaters.

Zimt Holding was advised by Addleshaw Goddard, with GE Capital providing financing.

Click here for more news from Kent Business.

Click here for more news from around the county.

Comments 

Forgotten Password?

Forgotten Username?

Don't have an account? Please Register first!

The KM Group does not moderate comments.
Please click here for our house rules.

Thank you. Your comment has been received and will appear on the site shortly.

 

Terms of Comments
We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules.. If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here, email multimediadesk@thekmgroup.co.uk or call 01634 227989.