Hill Dickinson has acted for the management team of Glendale Foods, a £20m-turnover food manufacturer, on a buy-out deal that provides an exit for three founding shareholders.

Managing director Paul Burkitt and operations director Mark Jones have now taken over the Salford–based business following the purchase of the remaining shares in the company from founding shareholders John Mortimer, Gill Mortimer and Pam Mortimer who all exit the business after more than 30 years.

The business, which is behind brands including Great British Pudding Company and Yankee Snacks, employs approximately 200 staff and specialises in processing meats, cooked components, vegetables and flour-based products for sale into retailers, wholesalers, food manufacturers, airlines and restaurant groups in the UK and overseas.

Ian Gillis and David Mkhitarian from Hill Dickinson’s corporate team advised management on the buy-out. Commenting on the deal, David Mkhitarian said: "We are delighted to have assisted Paul and Mark in their management buy-out, which will serve as a stepping stone for Glendale to expand and develop its business. It has been an exciting time to work with Glendale and it will be fantastic to see their success continue."

Glendale’s managing director, Paul Burkitt, commented: "This is an exciting period for Glendale and this transaction represents the next phase in our development.

"Glendale’s success is based on a platform of product innovation, customer relationships and service, working closely with our client base to produce new and exciting products. We look forward to building on the existing customer base to further drive growth and capabilities."