Go2 Foods acquires The Real Yorkshire Pudding Co.

The Real Yorkshire Pudding Co. has been acquired by new food investment group Go2 Foods for an undisclosed amount.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData

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The UK company, founded in 1991, produces chilled Yorkshire puddings for food retailers as well as wholesalers.

According to a statement from acting law firm, Eversheds, two of The Real Yorkshire Pudding Co’s majority shareholders have exited and remaining shareholder, Charles Payne, has invested in buyer Go2 Foods. Payne will retain his role of managing director.

Go2 Foods was set up by Paul Simmonds and Rob Davies, the former CEO and co-founder of Glisten, the UK snacks group that was acquired by Raisio in 2010.

In local press reports, Payne was quoted as saying The Real Yorkshire Pudding Co. had had a “good year and great Christmas trading”. Plans to “release the potential” of The Really Yorkshire Pudding Co. include broadening its product offering and innovating in areas such as gluten free, as well as becoming a recognisable player in the foodservice sector.

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just-food has this week published research into the factors that will drive M&A in the food industry from now and into 2018.

The full report will be available from just-food in mid-February. However, those who take out an annual subscription to just-food before 31 January 2016, at a 35% discount on standard pricing, will receive free copies of both ‘Drivers of Food Industry M&A’ and another recent report, ‘How Brands Can Win in Online Grocery’, which was written by Professor David Hughes, Emeritus Professor of Food Marketing at Imperial College London and Miguel Flavián. To take advantage of this offer click here.

Free Report

What’s the forecast for the food and grocery industry?

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData