Kent-based Staple Dairy Products Ltd has been acquired by three of its directors in a management buyout.
Staple Dairy Products Ltd is a leading supplier of cheese, butter, aerosol cream, convenience egg products, microwavable rice and IQF vegetables to the retail, foodservice and food manufacturing sectors.
Kim Palmer (Managing Director), Michael Brown (Sales & Marketing Director) and Bob Stubbins (Finance & Operations Director) have now taken full control of Staple Dairy Products Ltd after acquiring the business from founder, Derek Robbins. Financial support was provided by HSBC Bank, as well as private investment by the new owners.
“We are delighted to have completed the acquisition of Staple Dairy Products Ltd and look forward to continuing building on the strong business established by Derek in 1976” Kim Palmer said.
“The UK food industry continues to go from strength to strength, which makes us very confident of a long and successful future” continued Palmer. “Our strategy is to continue building and evolving our portfolio of brands & new products and to increase our retail presence, whilst retaining and developing our strong partnerships with key suppliers & customers. We also intend to adjust our trading name to ‘Staple Food Group Ltd’, which better reflects the diverse portfolio of products we supply to retailers, wholesalers, food manufacturers and the foodservice sector. It is an exciting and positive time for the management team and our loyal employees.”
Derek Robbins said “Kim, Michael & Bob have extensive experience within the food industry and have supported me during this transition period. I am proud to hand over the reins to them and look forward to watching the business continue to flourish under their tenure.”