Anglian Meat Products shares sold to MD
Shares of the UK’s largest frozen pet food manufacturer have been bought by the company’s managing director.
Craig Taylor, managing director of Anglian Meat Products, acquired 100% of the company’s shares in a multi-million-pound funding package.
The deal, financed with help from Barclays Bank and structured by Sheffield-based dealmaker, Strategic, secured a full management buyout of the company.
Taylor said: “I am delighted to have achieved ownership of the company, which recently celebrated its 30th anniversary and is now at an exciting phase of its development.”
The sale of the company was also backed by the government’s National Loan Guarantee Scheme, which helps companies with a turnover of £50m or less access cheaper finance.
Strategic managing director Andrew Coates said: “Anglian Meat Products is a quality business, which attracted much interest from funders. The deal adds further evidence to the fact that, for the right deals, banks are willing to lend.”
Anglian Meat Products is based in Norfolk and was established in 1981 by Craig Taylor’s father, Richard Taylor.
The company is a producer and distributor of natural pet foods and owns the Nature’s Menu and Prize Choice brands.