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Why latest Tyrrells takeover is no major surprise

UK-based savoury snacks business Tyrrells is getting its third owner in two years - but the latest deal is no surprise, writes Dean Best....

Analysis: Hershey's move to Amplify snacks range

Andy Coyne looks at the US confectionery giant's latest move to broaden its portfolio and weighs up reaction to the deal....

John Shepherd | 12 Aug 2016

Amplify Snack Brands, the US snack maker, this week announced its latest acquisition, striking a deal to buy private-equity-owned UK crisp firm Tyrrells, itself a business growing in part due to M&A. John Shepherd weighs up what could lay ahead for both companies.

Michelle Russell | 23 May 2013

Private-equity firm Langholm Capital was this week reported to have put UK crisp group Tyrrells on the market. Langholm has declined to comment on the reports but the investment firm are said to have put a GBP100m (US$151.9m) price tag on the company.

Latest Interviews

Dean Best | 13 Jun 2016

Tyrrells, the UK crisp maker, has enjoyed a sustained period of growth and has, in recent months, sought to bolster its business with two international acquisitions. Dean Best talks to Tyrrells CEO David Milner about the business, backed by Bahrain-based private-equity firm Investcorp, plans to continue its expansion.

Dean Best | 3 Jun 2016

Tyrrells, the private equity-backed UK crisp maker, has enjoyed robust growth in recent years and, through exports, steadily built a business outside its domestic market. However, the company, under CEO David Milner, has started to use M&A to boost its international operations. Last month, Tyrrells snapped up Aroma Snacks, a German supplier of organic crisps. In the first part of a two-part interview, Milner tells Dean Best why Tyrrells moved for Aroma Snacks.

Latest News

Simon Harvey | 18 Jul 2018

Germany's Intersnack Group has made its second acquisition in the UK snack market in as many months with the purchase of Popchips Ltd. for an undisclosed sum.

Simon Harvey | 17 May 2018

Germany's Intersnack is acquiring Hershey's UK-based crisps business Tyrrells for an undisclosed sum, with ambitions to grow sales across international markets.

Dean Best | 27 Apr 2018

Hershey is weighing up the future of the non-US operations of its recently-acquired US snacks business Amplify Snack Brands.

Andy Coyne | 20 Mar 2018

Hershey has been linked with selling off Tyrrells, the UK crisps business it inherited when it acquired US group Amplify Snack Brands in December.

Simon Harvey | 2 Feb 2018

Hershey is standing by its long-term target for underlying sales to grow by 2-4% each year after the largest confectionery producer in the US reported pressure on its top line in 2017 and forecast muted growth in 2018.

Andy Coyne | 18 Dec 2017

Hershey has confirmed it has struck a deal to buy fellow US business Amplify Snack Brands for US$1.6bn.

Andy Coyne | 13 Sep 2017

US group Amplify Snack Brands has hired two WhiteWave Foods executives to become its new chief financial officer and chief operating officer.

Dean Best | 11 Aug 2017

US group Amplify Snack Brands is to launch Tyrrells Stateside later this year amid problems for the UK crisp brand in its domestic market.

Dean Best | 8 Aug 2017

Amplify Snack Brands president and CEO Tom Ennis today (8 August) asserted the US owner of brands including SkinnyPop and Tyrrells is "in the right space" after the popcorn and crisps maker lowered its forecasts for annual sales and underlying EBITDA.

Dean Best | 9 Mar 2017

Amplify Snack Brands saw the acquisition of UK crisp maker Tyrrells boost its sales in 2016 but the US snacks group sought to underline the "strong momentum" it had been seeing from its existing range.

John Shepherd | 4 Jan 2017

US snack maker Amplify Snack Brands has created a new position of chief strategy officer as part of a "strengthened leadership team" aimed at boosting the growth of the business.

John Shepherd | 15 Nov 2016

US snack maker Amplify Snack Brands has booked a 32% jump in net sales for the first nine months of the year, helped in part by its Tyrrells acquisition, but the US group has cut its forecast for annual underlying EBITDA.

Dean Best | 7 Oct 2016

Vegetarian Express, a supplier of plant-based ingredients and distributor of food brands to the UK foodservice sector, has sold a controlling stake in the business to private-equity firm Bridges Ventures.

John Shepherd | 8 Aug 2016

US-based Amplify Snack Brands has struck a deal to buy UK crisp maker Tyrrells from Bahrain-based private-equity firm Investcorp in a cash-and-shares deal worth GBP300m (US$392m).

Dean Best | 8 Aug 2016

Amplify Snack Brands, the US company behind SkinnyPop popcorn and Paqui tortilla chips, today (8 August) booked an increase in first-half sales and profits alongside news of its move to buy UK crisp maker Tyrrells.

Helen Arnold | 8 Jul 2016

UK snack group Tyrrells wants to grow its business in Australia and Asia and is investing in ramping up production at its Yarra Valley Snack Foods unit. 

Dean Best | 13 Jun 2016

Tyrrells, the UK crisp maker, is drawing up plans to launch an organic product in its domestic market following its acquisition of German organic business Aroma Snacks.

Dean Best | 16 May 2016

Tyrrells, the UK crisp maker, has acquired Aroma Snacks, a German supplier of organic crisps.

Dean Best | 7 Aug 2015

Activist US investor Bill Ackman got the market talking this week with the disclosure he has invested in Mondelez International. Could he be betting on an eventual bid for the Cadbury owner from the new Kraft Heinz Co.? Meanwhile, the row over the Maggi continued, with India's food safety watchdog brushing off tests that appeared to clear Nestle's noodles. And three UK snacks businesses hit the headlines. The owners of Nakd owner Natural Balance Foods are weighing up their options, Bear owner Urban Fresh Foods is looking at ways to expand internationally - which could involve investment in the business. And crisp firm Tyrrells snapped up an Australian snack maker.

Hannah Abdulla | 7 Aug 2015

This week, Fonterra said it was reducing capital expenditure plans to mitigate pricing pressure in dairy. Kellogg announced its first half-results and committed to plans to remove artificial colours and flavours from its branded cereals in North America by 2018. Elsewhere, Tyrrells acquired Yarra Valley Snack Foods in Australia and Unilever came under fire in India. Here is the week in quotes

Hannah Abdulla | 3 Aug 2015

UK crisp maker Tyrrells has acquired Australian organic snacks company Yarra Valley Snack Foods.

Dean Best | 27 Mar 2015

UK snacks maker Tyrrells is to enter the popcorn market in France with its relaunched Poshcorn brand.

Katy Askew | 9 Jan 2015

UK crisp maker Tyrrells has played down reports in Australia reports it is considering investing in production in the country.

Katy Askew | 25 Jun 2014

Tyrrells, the upmarket UK crisp maker, is launching in Coles supermarkets throughout Australia.

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