Tyrells "on the block"

Tyrells "on the block"

Private-equity group Langholm Capital is examining bids for UK crisp maker Tyrrells, just-food understands.

The auction process is progressing and the deal is expected to net Langholm in the region of GBP100m (US$153.6m), insider sources told just-food today (26 June).

Langholm, which acquired Tyrrells for GBP40m in 2008, declined to comment on its plans for the upmarket snack maker.

According to reports, Belgium-based private-equity firm Verlinvest has emerged as a front runner to secure Tyrells. However, chairman Frédéric de Mevius told just-food the investment vehicle does not comment on "potential transactions".

Founded in 2002, Tyrrells has developed a solid footing in its domestic UK market and is currently working to expand export opportunities in Europe, Asia and North America. Click here to view just-food's interview with Tyrrells international chief Laurence Bass. Or, for just-food's speculative look at who could be in the running to acquire the crisp group, click here