Member Article

Wirral-based Uren Food Group completes MBO

Wirral-based Uren Food Group Limited, the food ingredients business, has undergone a management buy-out supported by Barclays.

A £10 million funding structure has enabled the existing management team to take a controlling interest in the business for the first time in the company’s 119 year history from the Uren family.

With over one hundred years’ experience in the food ingredients industry, Uren Food Group specialise in the production of frozen fruits, fruit juices, purees, concentrates, frozen vegetables, honey and nuts to food manufacturers around the world.

The Group now employs 250 people with factories in Poland and Chile, international offices in China, France, the UK and the US and various other overseas partnerships.

Managing director Ross Stewart said: “I would like to thank Barclays for their enthusiastic support for this transaction.

“By understanding the complex needs of our business it meant they were able to structure a funding package that suited our long term needs. “The whole team at Uren Food Group has worked tremendously hard over the years to establish a successful business which is now set for further growth.”

The Barclays deal team was led by relationship director, Jane Khaliq and Neil Dobson, trade and working capital.

Jane Khaliq commented, “It’s fantastic to see transactions like this taking place in the North West, emphasising the fact that Barclays is committed to supporting the ambitions of quality management teams and businesses across the region and the UK.

“Uren Food Group is a very long-standing customer of Barclays and our confidence in the management team has enabled us to extend our relationship to support their MBO and to give them sufficient facilities to help the business grow.”

This was posted in Bdaily's Members' News section by Sophia Taha .