Inter Link Foods has been sold to Irish food group McCambridge after today (20 July) going into administration.
Go deeper with GlobalData
The future of the UK baker, the maker of malt loaf brand Soreen and private-label cakes for UK supermarkets, has been the subject of intense speculation in recent months.
Profit warnings, falling sales, management changes and takeover talk raised questions over Inter Link and forced the company to conduct a review of its business.
Last month, chairman Jeremy Hamer told just-food that Inter Link was considering “a number of offers” to revive the business after a breakdown in takeover talks with McCambridge.
However, McCambridge today snapped up the business after Inter Link asked to be taken into administration. Hamer, chief executive Ian Croxford and fellow director Colin Davies have resigned their positions at the company.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Immediately following the grant of the administration order the joint administrators sold the business and assets of the company to McCambridge Group,” Inter Link said in a statement to the London Stock Exchange this afternoon.
