UK-based ethnic frozen food firm Shazans Foods is to debut in the chilled food market after securing an investment deal with Scottish halal supplier One Stop Halal.
The equity investment and supply agreement will see Shazans produce a new range of products to be sold by supermarkets and independents. Details of the size of the deal were not disclosed.
Go deeper with GlobalData
Nadeem Ayyub, managing director of Shazans, who will continue to lead the firm, said: “This gives us a great partnership with the major raw material player in the market and allows each business to play to its key strengths. These are very exciting times for Muslim consumers in the UK, with the development of great tasting, new and innovative halal food.”
The deal was overseen by business advisors Moore and Smalley. Ian Waddingham, corporate finance manager, said: “Shazans Foods has always been an innovative business and this agreement secures significant new investment that will enable it to continue developing new products and entering new markets.”
See Also:
