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DLA Piper advises McCambridge Group on the sale of Soreen

20 Feb 2014

DLA Piper has advised the McCambridge Group on the sale of Soreen to Gibbs Croft Limited, part of Samworth Brothers, one of the UK's leading food manufacturers. The acquisition includes the Soreen bakery site at Trafford Park in Manchester.

Founded in 1939, and most well-known for its Malt Loaf range, Soreen's product range has expanded in recent years to include new flavours, alongside other 'food to go' breakfast products.

Samworth Brothers is a family-owned 114 year old Leicestershire-based manufacturer of own-label and branded chilled food products ranging from ready meals and savoury pasties to sandwiches and desserts.

The DLA Piper Corporate team was led by partner Tim Lake with assistance from associate Nicky Randle.

Tim Lake said: "The acquisition by Gibbs Croft Limited will allow Soreen to further develop and expand their business on an already solid foundation. We were very pleased to be a part of this transaction and wish them the best of luck."

Simon Webber, Chairman of McCambridge Group, commented: "Having assisted on a series of disposals for the group we chose DLA Piper again for their extensive experience and knowledge of the food and beverage sector. This decision paid off and are very pleased with the first-rate advice we received from the team in order to successfully complete the sale of Soreen."

Catalyst Corporate Finance LLP was also appointed to advise the McCambridge Group and Soreen.

Matter Type
Asset Sale: Seller's Counsel
Industry
Food & Beverage
News Category
M&A