Sleaford Quality Foods has completed the multi-million pound acquisition of an eight-acre site in Lincolnshire.
Following an announcement by Great Plains Limited that they were closing their operation in Sleaford, Sleaford Quality Foods has acquired the land and buildings on Woodbridge Road.
The company is one of the UK’s most foremost suppliers of a range of ingredients including dehydrated/dried fruits and vegetables, herbs and spices to the food manufacturing and foodservice industries.
In order to meet growing demands, the company had been looking for a suitable site to expand its operations for some time.
Established in 1968 by William and Betty Arnold, Sleaford Quality Foods has gone from being a small local family run business to a leading supplier of high quality ingredients.
In 2010, Sleaford Quality Foods was acquired by Jain Group of India.
Today, the company is the supplier to many of the UK’s major food manufacturers and foodservice companies, distributing goods both nationally and internationally.
James Arnold, son of William & Betty Arnold and managing director said: “We viewed the site and decided that it was a perfect location and would meet the requirements of the business.
“Our current turnover is £55 million and we have significant plans to grow and develop.
“The new site provides us with the ability to continue this expansion.”
Corporate partner Martin Walsh from Sills & Betteridge Solicitors led a team providing legal advice on the acquisition.
He said: “James and I worked together to ensure this transaction was completed as smoothly and quickly as possible so as to avoid any interference in production during the key trading period.”
Other advisers in the transaction included Mark Ellis and James Flint from BDO, Katherine Bunting from Chattertons advising Great Plains and Gateley PLC who advised Lloyds Bank.