UK: Tyrrells owner Langholm backs Bart's Spices MBO
Barts was founded in the 1960s
Private-equity firm Langholm Capital, the owner of upmarket crisp maker Tyrrells, has backed a management buy-out of UK herbs business Barts Spices.
According to The Daily Telegraph, Langholm has supported Barts chief executive Matthew Shaw in the MBO.
Barts, which was set up in the 1960s, supplies a range of spices to UK retailers, including a range of organic and Fairtrade products.
Langholm bought a majority stake in Tyrrells two years ago in a deal that valued the business at around GBP40m (US$60.7m).
In March 2008, Langholm sold Dorset Cereals to Wellness Foods, a health food group backed by horseracing tycoons JP McManus and John Magnier.
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