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October 3, 2018

Calbee snaps up UK-based Seabrook Crisps from private-equity owner

Japanese snack maker Calbee has bought Seabrook Crisps from its private-equity owner for an undisclosed amount.

Japanese snack maker Calbee has bought Seabrook Crisps from its private-equity owner for an undisclosed amount.

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Lloyds Development Capital (LDC), a subsidiary of the UK banking group, is selling Yorkshire-based Seabrook Crisps after investing “heavily in its manufacturing facilities” since the private-equity firm acquired the business in 2015.

Seabrook manufactures crinkle cut, straight cut and lattice crisps, along with a range of low-calorie snacks from its headquarters in Bradford. The company also exports to the United Arab Emirates, China, France, Spain and Australia.

Jonathan Bye will continue as chief executive of Seabrook, which will operate as a standalone company.

Bye said in a statement issued by LDC: “Since LDC invested in our business in July 2015 the team has gone above and beyond, partnering with us to invest in our facilities and prime the business for future growth. The team invested more than GBP5m into our site in Bradford and we now have excellent operational facilities that allow us to continue to produce great crisps.”

Seabrook generated revenues of GBP29.8m (US$38.6m) in the year through March and EBITDA of GBP5m. The firm employs 160 people at its Yorkshire site.

Ged Gould, a senior director at LDC, added: “In the three years we’ve backed Seabrook, the business has invested heavily in its manufacturing facilities and successfully entered new international markets. Seabrook is an iconic Northern brand and the team has capitalised on the increased demand for ‘made in the UK’ products, successfully taking their crisps to new fans worldwide.”

Calbee’s investment in the UK follows last week’s announcement that it would exit a venture in south-east Asia with food and beverage company Universal Robina Corp. of the Philippines having reviewed the profitability of the business.

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Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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