Bishop Fleming supports Whitworths in acquiring KTC Edibles Group

Whitworths Food Group Limited (‘Whitworths’) has announced its proposed acquisition of KTC Edibles Group (‘KTC’) from Endless LLP (Endless). The deal is subject to normal closing conditions and approval from the Irish competition authorities. 

KTC is a vertically integrated edible oils and fats platform with an important role in the UK food industry supplying over 370,000 tonnes of oils and fats across all major food channels. The group has sales of over £500 million and employs 450 people across its five manufacturing and distribution sites in the UK and Ireland. 

Originally founded in 1886, Whitworths is the UK’s leading flour milling business. The George family have owned the business since the 1930s and have grown it to over £600 million revenue. The business has ten mills across the UK and supplies almost exclusively into food manufacturing.

The Bishop Fleming team, comprising corporate financiers Matt Pearson and Martyn Fraser, provided acquisition support to the Whitworths team. Michael George, Director at Whitworths said: 

I would like to thank Bishop Fleming for their support in helping us deliver a transaction which is a great fit for us strategically and will deliver significant further growth potential for all stakeholders.

Matt Peason, Bishop Fleming Corporate Finance Director, said: 

Whitworths is a great home for KTC and I’m sure the combined business will continue to thrive as a key player in the UK food sector. It was a pleasure to work alongside a great team on this exciting transaction.

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