cover
cover
story
story
thethe
fast
fast
5050
How
HowThe
TheFast
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50
are
arefizzing
fizzingahead
ahead
ofofthe
thepack
pack
JamesJames
Halliwell
Halliwell
The
The
Fast
Fast
5050
is back
is back
forfor
2016
2016
and
and
four
four
keykey
trends
trends
areare
driving
driving
growth.
growth.
What
What
areare
they?
they?
And
And
what
what
impact
impact
is Brexit
is Brexit
having?
having?
AA
products,”
products,”
says says
Peacock.
Peacock.
“This“This
is resonatis resonatsupermarket
supermarket
priceprice
war has
war has
ing with
ing the
withoperating
the operating
models
models
that the
thatlarge
the large
beenbeen
raging
raging
for atfor
least
at least
threethree
grocers
grocers
have have
beenbeen
developing
developing
for a number
for a number
yearsyears
now,now,
and and
with with
priceprice
of years,
of years,
with with
consumers
consumers
moremore
than than
happy
happy
deflation
deflation
accompanied
accompanied
by by
to trust
to trust
the retailer’s
the retailer’s
brandbrand
as much,
as much,
if notif not
structural
structural
change,
change,
manymany
sup- supmore,more,
than than
a manufacturer’s
a manufacturer’s
brand.”
brand.”
plierspliers
have have
beenbeen
dragged
dragged
into the
intomelee.
the melee.
But But
That That
may may
be why
be why
investment
investment
fromfrom
pri- prinot all.
not all.
vate equity
vate equity
in The
inFast
The 50
Fast
is 50
“limited”,
is “limited”,
with with
A combination
A combination
of trend
of trend
spotting
spotting
and and
baked
baked
goodsgoods
a favourite.
a favourite.
BreadBread
Factory
Factory
(5), (5),
superb
superb
execution
execution
is delivering
is delivering
significant
significant
Wholebake
Wholebake
(3) and
(3) Genius
and Genius
Foods
Foods
(14) –(14) –
growth
growth
for the
forprivately
the privately
owned
owned
UK food
UK and
food and
backed
backed
by Risk
by Risk
Capital,
Capital,
Bridges
Bridges
Ventures
Ventures
drinkdrink
companies
companies
in The
inGrocer’s
The Grocer’s
Fast 50.
Fast
So50. So
and Verlinvest
and Verlinvest
respectively
respectively
– have
– have
an appeal
an appeal
how are
howthey
are winning?
they winning?
to private
to private
equity
equity
because
because
of theof‘craft’
the ‘craft’
nature
nature
First,First,
they’re
they’re
specialising
specialising
in on-trend
in on-trend
of baked
of baked
products,
products,
Peackock
Peackock
suggests.
suggests.
areas,areas,
particularly
particularly
healthy
healthy
and/or
and/or
free-from
free-from
againagain
“private
“private
equity
equity
would
would
fundfund
foods.
foods.
“In the
“InTop
the 10
Top
alone
10 alone
therethere
are four
are four ThenThen
just about
just about
anything
anything
on-trend
on-trend
and growing
and growing
such such
businesses,”
businesses,”
says Simon
says Simon
Peacock
Peacock
from from
at present
at present
in food
in food
and drink”
and drink”
but itbut
faces
it faces
Catalyst
Catalyst
Corporate
Corporate
Finance,
Finance,
which
which
helped
helped
resistance
resistance
from from
privately
privately
owned
owned
suppliers
suppliers
compile
compile
our ranking.
our ranking.
“Natural
“Natural
Selection
Selection
(2), (2),
keen keen
to remain
to remain
independent.
independent.
NoneNone
moremore
so, so,
Wholebake
Wholebake
(3), Pukka
(3), Pukka
HerbsHerbs
(6) and
(6)botaniand botaniof course,
of course,
than than
Brewdog,
Brewdog,
the fastest
the fastest
grow-growcallycally
brewed
brewed
Fentimans
Fentimans
(10) are
(10)using
are using
natu-natuing company
ing company
for the
forsecond
the second
year running.
year running.
ral, healthier
ral, healthier
ingredients
ingredients
to create
to create
products
products
“Crowdfunding
“Crowdfunding
keepskeeps
the control
the control
and and
that drive
that drive
consumer
consumer
spend.”
spend.”
independence
independence
with with
the founders,”
the founders,”
explains
explains
Second,
Second,
locallocal
businesses
businesses
in the
inUK
theare
UK are
Peacock.
Peacock.
But the
Butbrewer
the brewer
will continue
will continue
to be to be
manufacturing
manufacturing
food products
food products
that traditionthat traditionthe exception
the exception
he believes.
he believes.
Not only
Not only
is theis the
ally would
ally would
have have
originated
originated
from from
overseas,
overseas,
“funding
“funding
ceiling
ceiling
quitequite
low” low”
but “essentially
but “essentially
with with
interesting
interesting
examples
examples
beingbeing
Tommy
Tommy
it’s unregulated.”
it’s unregulated.”
Tuckers
Tuckers
of Worksop
of Worksop
(4) making
(4) making
popcorn,
popcorn,
Brewdog
Brewdog
proved
proved
the exception
the exception
in in
Broadland
Broadland
Wineries
Wineries
(11) in(11)
Norfolk
in Norfolk
making
making And And
moremore
waysways
than than
one with
one underlying
with underlying
growth
growth
English
English
wineswines
and mozzarella
and mozzarella
manufacturer
manufacturer
across
across
The Fast
The50
Fast
having
50 having
slowed
slowed
compared
compared
PrimaPrima
Cheese
Cheese
(12). (12).
with with
previous
previous
years.years.
To getTointo
getThe
intoFast
The 50
Fast 50
Supplying
Supplying
products
products
to theto£45bn
the £45bn
foodserfoodserthis year,
a business
a business
needed
needed
a two-year
a two-year
com-comvice sector
vice sector
has also
hasproved
also proved
a huge
a huge
source
source
of this
of year,
pound
pound
annual
annual
growth
growth
rate of
rate
13.9%
of 13.9%
– last– last
growth
growth
with with
60% 60%
of theoftop
the10
top
supplying
10 supplying
year year
they they
would
would
have have
needed
needed
14.9%.
14.9%.
“The“The
caterers,
caterers,
restaurants
restaurants
and hotels.
and hotels.
slightslight
slowing
slowing
may may
be due
be to
due
thetoimpendthe impendAnd And
companies
companies
with with
decent
decent
own own
labellabel
ing uncertainty
ing uncertainty
due to
dueBrexit,”
to Brexit,”
suggests
suggests
capabilities
capabilities
are reaping
are reaping
the rewards
the rewards
of conof conPeacock.
Peacock.
sumers
sumers
buying
buying
moremore
own-label
own-label
products.
products.
Sois
who
on The
is onFast
The50
Fast
in 2016?
50 in 2016?
ReadRead
over over
In fact,
In fact,
“more
“more
than than
half of
half
The
of Fast
The 50
Fast
list50 list So who
the next
the few
nextpages
few pages
to find
toout...
find out...
are predominantly
are predominantly
suppliers
suppliers
of own-label
of own-label
24 | The
24 | Grocer
The Grocer
| 29 October
| 29 October
2016 2016
www.thegrocer.co.uk
www.thegrocer.co.uk
1 (1) BrewDog
FORMED: 2007
SALES: £44.7m
2YR CAGR: 57.3%
OWNED BY: Co-founders Martin Dickie
and James Watt, plus more than 40,000
crowdfunded investors
Muscling in on shelf space in UK supermarkets previously the reserve of the big
brewers has kept the self-styled maverick
of the craft scene at the top of The Fast 50
for a third consecutive year. BrewDog has
rolled into Asda and extended listings for
the 330ml can format in the rest of the big
four, with the flagship Punk IPA accounting for the majority of sales.
The full-blown emergence of craft beer
into the mainstream helped the ‘punk’
brewer boost its UK sales by 131% in 2015
but BrewDog co-founders Martin Dickie
and James Watt have to take credit too –
particularly for their flair in generating
free advertising. The pair changed their
names by deed poll to Elvis in October
in response to a legal dispute with
the Presley estate over Elvis Juice IPA.
Kidnapping the president of AB InBev
and forcing him to drink “good beer” was
listed as one of six highlights of the year
in the 2015 annual report.
Another 16 bars opened last year,
including in Barcelona and Hong Kong.
“It has been another insane, exciting
year as we completed work on our new
brewery in Ohio, closed the world’s most
successful crowdfunding raise in history,
launched our first-ever US equity raise
and continued to grow Punk IPA globally,” Watt told The Grocer.
However, BrewDog is not having everything its own way. The pace of overall
growth is showing signs of slowing, with
last year’s 51% jump down on its average annual growth rate of 69% over the
past five years. Profits also dipped as it
invested heavily in staff and infrastructure. The crowdfunding campaign fell
£6m short of its £25m target. And the
launch of production at the new US headquarters in Ohio has been postponed
until next year after unexpected snags.
But don’t bet against BrewDog topping
the Fast 50 again next year as its 2015 revenues were mainly held back by a lack of
capacity at the Scottish HQ. The brewer
has now expanded what it can pump out
from 134,000 hectolitres to 1.5 million.
And with $2.5m raised from 3,000 US
investors since August and production to
get going by March in Ohio, the craft revolution is showing no signs of slowing.
www.thegrocer.co.uk
29 October 2016 | The Grocer | 25
cover
cover
story
story
thethe
fast
fast
5050
2 (NEW)
2 (NEW)
Natural
Natural
Selection
Selection
Foods
Foods
4 (NEW)
4 (NEW)
Thomas
Thomas
Tucker
Tucker
FORMED
FORMED
: 2006
: 2006
SALESSALES
: £27.7m
: £27.7m
2YR CAGR
2YR:CAGR
56.7%
: 56.7%
OWNED
OWNED
BY: James
BY: James
Knott,Knott,
DavidDavid
FORMED
FORMED
:1988:1988
FORMED
FORMED
: 2001
: 2001
SALESSALES
: £16.5m
: £16.5m
SALESSALES
: £22.4m
: £22.4m
2YR CAGR
2YR:CAGR
35.1%
: 35.1%
2YR CAGR
2YR:CAGR
31.5%
: 31.5%
OWNED
OWNED
BY: Simon
BY: Simon
Stanham
Stanham
and David
and David
GreggGregg OWNED
OWNED
BY: Sebastian
BY: Sebastian
Pole,Pole,
Tim Westwell
Tim Westwell
Cooper,
Cooper,
MarkMark
BevanBevan
6 (6)6Pukka
(6) Pukka
Herbs
Herbs
Already
Already
supplying
supplying
moremore
thanthan
90% 90%
of of
Bristol
Bristol
tea maker
tea maker
Pukka
Pukka
HerbsHerbs
brewed
brewed
British
British
cinemas
cinemas
with with
popcorn,
popcorn,
Thomas
Thomas up sales
up sales
of £22.4m
of £22.4m
last year
last year
– up –
32%
up –
32% –
Shrewsbury
Shrewsbury
based
based
nuts,nuts,
seedsseeds
and and
Tucker
expanded
expanded
further
further
into retail
into retail
dur- dur- on double-digit
on double-digit
domestic
domestic
and internaand internasnacks
snacks
producer
producer
Evolution
Evolution
Foods
Foods
takestakes Tucker
ing to
2015
grow
to grow
sales,sales,
as well
as as
well
securing
as securingtionaltional
expansion.
expansion.
The growth
The growth
was driven
was driven
its trading
its trading
namename
fromfrom
the town’s
the town’s
mostmost ing 2015
licensing
dealsdeals
for some
for some
of theofyear’s
the year’s
big- big- by both
by both
tea and
tearemedies.
and remedies.
Pre-tax
Pre-tax
profits
profits
famous
famous
son Charles
son Charles
Darwin.
Darwin.
SalesSales
grewgrew licensing
gest blockbusters.
It also
It expanded
also expanded
inter-inter- moremore
thanthan
doubled,
doubled,
and Pukka
and Pukka
wentwent
car- car63% 63%
last year,
last year,
driven
driven
by the
byintroduction
the introduction gest blockbusters.
nationally
with with
new clients
new clients
in countries
in countries bon neutral
bon neutral
in 2015
in –
2015
two–years
two years
ahead
ahead
of of
of new
of product
new product
lineslines
and the
andwidening
the widening
of of nationally
as farasflung
far flas
ung
China.
as China.
its own
its own
schedule.
schedule.
its customer
its customer
base.base.
3 (NEW)
3 (NEW)
Wholebake
Wholebake
5 (29)
5 Bread
(29) Bread
Factory
Factory
7 (NEW)
7 (NEW)
KK Fine
KK Fine
Foods
Foods
FORMED
FORMED
: 2006
: 2006
SALESSALES
: £13.1m
: £13.1m
2YR CAGR
2YR:CAGR
35.2%
: 35.2%
OWNED
OWNED
BY: Mark
BY: Mark
GouldGould
and and
FORMED
FORMED
: 1992
: 1992
SALESSALES
: £63.8m
: £63.8m
2YR CAGR
2YR:CAGR
32.9%
: 32.9%
OWNED
OWNED
BY: Bread
BY: Bread
Acquisitions
Acquisitions
FORMED
FORMED
: 1986
: 1986
SALESSALES
: £30.7m
: £30.7m
2YR CAGR
2YR:CAGR
30.8%
: 30.8%
OWNED
OWNED
BY: Leyla
BY: Leyla
Edwards
Edwards
and and
Wholebake
Wholebake
has taken
has taken
two trends
two trends
– glu-– gluten-free
ten-free
and energy
and energy
bars bars
– and–merged
and merged
the two
thetogether
two together
to create
to create
the third
the third
fast- fastest growing
est growing
food food
and drink
and drink
business
business
in in
the UK.
theItUK.
manufactures
It manufactures
the bars
the bars
under
under
its own
its own
brand,
brand,
9BAR,
9BAR,
and for
andthird
for third
partyparty
brands
brands
and retailers.
and retailers.
The UK’s
The UK’s
continuing
continuing
love of
love
artisan
of artisan
breadbread
has helped
has helped
salessales
at Bread
at Bread
Factory
Factory
and and
KK specialises
KK specialises
in theinproduction
the production
of of
Gail’sGail’s
Bakery
Bakery
– backed
– backed
by serial
by serial
entrepreentrepre-chilled
chilled
and frozen
and frozen
meals
meals
for the
forfoodserthe foodserneur neur
LukeLuke
Johnson
Johnson
– to soar,
– to soar,
though
though
the the vice,vice,
retailretail
and catering
and catering
sectors.
sectors.
Passion
Passion
acquisitions
acquisitions
of frozen
of frozen
foodservice
foodservice
bakery
bakery is its is
byword
its byword
and founder
and founder
and CEO
and Leyla
CEO Leyla
Maison
Maison
du Pain
du Pain
and the
andremaining
the remaining
50% 50% Edwards
Edwards
describes
describes
KK asKK
a fast-moving
as a fast-moving
of The
ofFlour
The Flour
Station,
Station,
BreadBread
Roll Holdings
Roll Holdings business
business
founded
founded
on family
on family
values,
values,
but but
and DSV
and DSV
Holdings
Holdings
helped.
helped.
with with
a forward-thinking
a forward-thinking
corporate
corporate
focus.
focus.
00 00
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name
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name
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FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR:CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR:CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
four other
four other
shareholders
shareholders
in here
in here
please
please
in here
in here
please
please
threethree
otherother
shareholders
shareholders
8 (14)
8 Laila’s
(14) Laila’s
FineFine
Foods
Foods
FORMED
FORMED
: 1986
: 1986
SALESSALES
: £19.8m
: £19.8m
2YR CAGR
2YR:CAGR
25.3%
: 25.3%
OWNED
OWNED
BY: The
BY:Remtulla
The Remtulla
familyfamily
WhatWhat
began
began
as a cottage
as a cottage
industry
industry
cook-cooking
meals
up meals
in Laila’s
in Laila’s
kitchen
kitchen
is now
is anow a
llam llam
quid quid
quossit
quossit
iorenest
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icienticient llam llam
quid quid
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quossit
iorenest
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icienticient ing up
multimillion
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turerturer
producing
producing
40 tonnes
40 tonnes
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of food
per day
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dolorpo
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a 43,000
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andiande
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Already
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auta auta
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250 product
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Indian,
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niamniam
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tinues
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contract
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to provide
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Iceland
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in here
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meals,
meals,
increasing
increasing
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its daily
output
output
by 25%
by 25%
after aft
a £58k
er a £58k
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the Regenerate
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FORMED
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: xxxx: xxxx
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SALESSALES
: £xx.xm
: £xx.xm
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also
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business
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with
both
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Aldi
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2YR CAGR
2YR:CAGR
xx.x%
: xx.x%
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and Lidl.
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TheseThese
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OWNED
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OWNED
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here here
contribute
contribute
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sales,sales,
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the foodservice
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llam llam
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ing volumes,
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dolorpo
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andiande
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26 | 26
The| Grocer
The Grocer
| 29 October
| 29 October
2016 2016
www.thegrocer.co.uk
www.thegrocer.co.uk
I N A ISNS OA CSISAOTCI IOANT IWOINT HW I T H
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ther boosted
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9 (4)9Pakeeza
(4) Pakeeza
Dairies
Dairies
11 (NEW)
11 (NEW)
Broadland
Broadland
Wineries
Wineries
12 (8)
12Prima
(8) Prima
Cheese
Cheese
FORMED
FORMED
: 1984
: 1984
SALESSALES
: £25m
: £25m
2YR CAGR
2YR :CAGR
29.5%
: 29.5%
OWNED
OWNED
BY: The
BY:Zouq
The Zouq
family
family
FORMED
FORMED
: 1965
: 1965
SALESSALES
: £51.2m
: £51.2m
2YR CAGR
2YR :CAGR
27.8%
: 27.8%
OWNED
OWNED
BY: Arthur
BY: Arthur
Kingsmill
Kingsmill
FORMED
FORMED
: 1997
: 1997
SALESSALES
: £40.4m
: £40.4m
2YR CAGR
2YR :CAGR
27.1%
: 27.1%
OWNED
OWNED
BY: The
BY:Beni
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family
family
and Jonathon
and Jonathon
Lansley
Lansley
ThatThat
the Lancashire
the Lancashire
FarmFarm
yoghurt
yoghurt
maker
maker
Securing
Securing
substantial
substantial
orders
orders
in theinFar
the Far
has scored
has scored
a place
a place
in The
inFast
The Fast
50 for50three
for threeBritish
South
South
America
America
and Asia,
and Asia,
the the
British
winewine
is increasing
is increasing
in reputation
in reputation East,East,
yearsyears
on the
ontrot
theistrot
a remarkable
is a remarkable
feat confeat con- and popularity,
Belgian
cheese
cheese
specialist,
specialist,
which
which
makes
makes
and popularity,
but Broadland
but Broadland
also also
bot- bot- Belgian
sidering
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the volatility
the volatility
in dairy
in dairy
prices
prices
and and tles wine
toppings
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and burger
and burger
slices,
slices,
builtbuilt
tles wine
fromfrom
overseas.
overseas.
It describes
It describes
itselfitselfpizzapizza
a raging
a raging
supermarket
supermarket
priceprice
war. war.
The busiThe busi-as anasinternational
up exports
in 2015.
in 2015.
Expanding
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this interthis interan international
producer,
producer,
importer
importer up exports
ness ness
now now
makes
maover
kes over
40 SKUs
40 SKUs
across
across
its its and innovator,
national
clientclient
basebase
will remain
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its focus
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and innovator,
and supplies
and supplies
branded
branded
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Lancashire
Lancashire
and Pakeeza
and Pakeeza
brands
brands
and conand con- private
foryear
the year
ahead,
ahead,
says says
the company,
the company,
as as
private
labellabel
to thetoon
theand
on off
and
-trades
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tinues
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.
.
well well
as NPD
as NPD
and investing
and investing
in new
in new
tech.tech.
the UK,
the US
UK,and
US Nordic
and Nordic
countries.
countries.
www.thegrocer.co.uk
www.thegrocer.co.uk
29 October
29 October
2016 2016
| The| Grocer
The Grocer
| 27 | 27
cover
cover
story
story
thethe
fast
fast
5050
13 (NEW)
13 (NEW)
Forresters
Forresters
of Cheshire
of Cheshire
14 (NEW)
14 (NEW)
Genius
Genius
Foods
Foods
15 (21)
15Higgidy
(21) Higgidy
FORMED
FORMED
: 1972
: 1972
SALESSALES
: £34.7m
: £34.7m
2YR CAGR
2YR:CAGR
26.1%
: 26.1%
OWNED
OWNED
BY: The
BY:Dilliway-Parry
The Dilliway-Parry
familyfamily
FORMED
FORMED
: 2009
: 2009
SALESSALES
: £47.5m
: £47.5m
2YR CAGR
2YR:CAGR
25%: 25%
OWNED
OWNED
BY: Lucinda
BY: Lucinda
Bruce-Gardyne
Bruce-Gardyne
and 65
and 65
FORMED
FORMED
: 2003
: 2003
SALESSALES
: £22.6m
: £22.6m
2YR CAGR
2YR:CAGR
24.7%
: 24.7%
OWNED
OWNED
BY: Camilla
BY: Camilla
Stephens,
Stephens,
JamesJames
Foottit
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Steady
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NPD NPD
has helped
has helped
the cooked,
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and coated
and coated
poultry
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supplier
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win more
win more
customers.
customers.
MostMost
of its of
growth
its growth
has come
has come
from from
cooked
cooked
chilled
chilled
chicken.
chicken.
Forresters
Forresters
increased
increased
production
production
capacity
capacity
last year
last year
with with
threethree
new pre-cook
new pre-cook
injection
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line line
and tumbling
and tumbling
facilities
facilities
to boost
to boost
volumes
volumes
to over
to 50
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tonnes
50 tonnes
of chicken
of chicken
a day.a day.
otherother
shareholders
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Higgidy
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recorded
recorded
another
another
year of
year
doubleof doubledigit digit
growth
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last year
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year
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business
business
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have have
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and and
moremore
popular,
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to expand
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ing around
ing around
20% every
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year
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factory
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was worth
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loaf
bread
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hit supermarhit supermar- position
savoury
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brand.
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ket shelves
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in 2009.
in 2009.
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ing rolls,
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Fruitapeel
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savouries
savouries
including
including
quiche,
quiche,
sausage
sausage
rolls rollsFORMED
FORMED
: 2006
: 2006
and
pies.
and
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rapidrapid
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FORMED
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: xxxx: xxxx
FORMED
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: xxxx
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: £17.1m
: £17.1m
been
buying
two bakeries
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SALESSALES
: £xx.xm
: £xx.xm
SALESbeen
SALES
:acquisitive,
£xx.xm
:acquisitive,
£xx.xmbuying
2YR:CAGR
24.7%
: 24.7%
in
Bathgate
in
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and
Hull
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in
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2013
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and
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Chapel
and Chapel OWNED
2YR CAGR
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xx.x%
: xx.x%
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xx.x%
: xx.x%
OWNED
BY: Terry
BY: Terry
and Debbie
and Debbie
HaighHaigh
Foods
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for
£3.5m
for
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in 2015.
in 2015.
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year year
OWNED
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Genius
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recalled
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over fears
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and confectionery
they
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debita
debita
volo volo was
delibusae
delibusae
pa dolupta
pa dolupta
nulpa
nulpa
debita
debita
volo
the
brand
the
brand
suffritaquas
ered
suff
ered
no
eff
ill
ects.
effdi
ects.
It’scusdae
still
It’s still 400 tonnes
400 tonnes
per week
per week
supplying
supplying
ice cream
ice cream
dolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
dolorpo
dolorpo
ritaquas
exno
eaill
ex
que
eadi
que
cusdae
the
number
the
number
one
free-from
one
free-from
brand
brand
and curand cur- brands,
brands,
farm farm
shopsshops
and artisan
and artisan
producproducandiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
andiande
andiande
eos
dolluptas
eos
dolluptas
dolorehendia
dolorehendia
rently
accounts
27%
for
of
27%
the
ofmarket.
the
market.
In In ers. Diversifying
ers. Diversifying
into juice
into juice
has helped
has helped
auta cus,
auta nemolup
cus, nemolup
tiorrotiorro
quis repelequis repele- rently
auta
cus,
autaaccounts
nemolup
cus,for
nemolup
tiorro
tiorro
quis
repelequis
repeleit appointed
itriosam
appointed
former
Kettle
Kettle
Foods
Foods growgrow
salessales
with with
this arm
thisnow
arm split
now off
split
tooff to
niamniam
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cum faceper
cum faceper
namusnamus-October
niamOctober
niam
enderfe
enderfe
riosam
cum former
faceper
cum
faceper
namusnamusMD
Jeremy
MD
Jeremy
Bradley
Bradley
as
CEO.
as CEO.
ensure
ensure
it getsitfurther
gets further
attention.
attention.
tia nossusanis
tia nossusanis
sundam
sundam
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tia nossusanis
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00 (???)
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Company
Company
name
name
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00 (???)
Company
Company
name
name
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR:CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR:CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
in here
in here
please
please
in here
in here
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please
17 (28)
17 Country
(28) Country
StyleStyle
Foods
Foods
FORMED
FORMED
: 1962
: 1962
SALESSALES
: £159.7m
: £159.7m
2YR CAGR
2YR:CAGR
24.2%
: 24.2%
OWNED
OWNED
BY: The
BY:Wood
The Wood
familyfamily
The craft
The craft
bakery
bakery
has been
has been
loving
loving
the the
British
British
BakeBake
Off effOff
ect.
effProfi
ect. ts
Profi
grew
ts grew
llam llam
quid quid
quossit
quossit
iorenest
iorenest
eostrup
eostrup
icienticient llam llam
quid quid
quossit
quossit
iorenest
iorenest
eostrup
eostrup
icienticient GreatGreat
to £7.2m
in 2015
in as
2015
itsas
speciality
its speciality
breads,
breads,
delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo to £7.2m
such such
as focaccia,
as focaccia,
ciabatta
ciabatta
and sourand sourdolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
dolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
dough,
dough,
proved
proved
moremore
popular.
popular.
Country
Country
andiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
andiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
also makes
also makes
own-label
own-label
frozen
frozen
& &
auta cus,
auta nemolup
cus, nemolup
tiorrotiorro
quis repelequis repeleauta cus,
auta nemolup
cus, nemolup
tiorrotiorro
quis repelequis repele- StyleStyle
chilled
desserts
desserts
and pies
andat
pies
its at
10its
baker10 bakerniamniam
enderfe
enderfe
riosam
riosam
cum faceper
cum faceper
namusnamus-niamniam
enderfe
enderfe
riosam
riosam
cum faceper
cum faceper
namusnamus-chilled
ies, including
ies, including
for Sara
for Sara
Lee and
LeeCadbury.
and Cadbury.
tia nossusanis
tia nossusanis
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sundam
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renemoditem
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tia nossusanis
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00 (???)
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Company
Company
name
name
in here
in here
please
please
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR:CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
18 (NEW)
18 (NEW)
Glendale
Glendale
Foods
Foods
FORMED
FORMED
: 1980
: 1980
SALESSALES
: £19.2m
: £19.2m
2YR CAGR
2YR:CAGR
22.1%
: 22.1%
OWNED
OWNED
BY: Paul
BY: Burkitt,
Paul Burkitt,
MarkMark
JonesJones
SalesSales
rocketed
rocketed
by 41%
by last
41%year
last as
year as
Glendale’s
manufacturing
manufacturing
facilities
facilities
were were
llam llam
quid quid
quossit
quossit
iorenest
iorenest
eostrup
eostrup
icienticient Glendale’s
restored
restored
following
following
a fireainfi2012.
re in 2012.
The The
delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo fully fully
Salford
Salford
supplier,
supplier,
manufacturer
manufacturer
behind
behind
dolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
the Great
the Great
British
British
Pudding
Pudding
Company
Company
and and
andiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
Yankee
Snacks
Snacks
brands,
brands,
was acquired
was acquired
in in
auta cus,
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tiorrotiorro
quis repelequis repele- Yankee
an MBO
by MD
byPaul
MD Paul
Burkitt
Burkitt
and operaand operaniamniam
enderfe
enderfe
riosam
riosam
cum faceper
cum faceper
namusnamus-an MBO
tionstions
director
director
MarkMark
JonesJones
in January
in January
2016.2016.
tia nossusanis
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sundam
sundam
renemoditem
renemoditem
28 | The
28 | Grocer
The Grocer
| 29 October
| 29 October
2016 2016
www.thegrocer.co.uk
www.thegrocer.co.uk
I N A SI N
S OACSISAOT CI O
I ANT W
I OI NT HW I T H
19 (NEW)
19 (NEW)
Michael’s
Michael’s
PittaPitta
Bread
Bread
Bakery
Bakery
FORMED
FORMED
: 1997
: 1997
SALESSALES
: £36.4m
: £36.4m
2YR CAGR
2YR:CAGR
21.0%
: 21.0%
OWNED
OWNED
BY: Varnavas
BY: Varnavas
Varnavides
Varnavides
and three
and three
otherother
shareholders
shareholders
Supplying
Supplying
supermarkets,
supermarkets,
wholesalers
wholesalers
and foodservice
and foodservice
with with
pitta pitta
breadbread
(and (and
otherother
baked
baked
goods),
goods),
2015 was
2015awas
busy
a busy
year year
for the
forgroup,
the group,
which
which
acquired
acquired
two new
two new
bakeries
bakeries
to allow
to allow
it to increase
it to increase
capacity
capacity
and deliver
and deliver
a 32%a boost
32% boost
in sales.
in sales.
20 (NEW)
20 (NEW)
BD Foods
BD Foods
FORMED
FORMED
: 2001
: 2001
SALESSALES
: £8.8m
: £8.8m
2YR CAGR
2YR:CAGR
20.9%
: 20.9%
OWNED
OWNED
BY: John
BY: Davis
John Davis
and Clive
and Clive
Barker
Barker
Serving
Serving
sauces,
sauces,
salsasalsa
and salad
and salad
dressings
dressings
to high
to high
streetstreet
chains,
chains,
airlines
airlines
and restauand restaurants,rants,
BD Foods
BD Foods
focused
focused
on expanding
on expanding
its client
its client
base base
in foodservice
in foodservice
during
during
2015 2015
to great
to great
effect.
effItect.
also
It launched
also launched
no fewer
no fewer
thanthan
205 new
205 products,
new products,
invested
invested
£300k
£300k
in brand
in brand
new production
new production
lines,lines,
and overand overhauled
hauled
its marketing
its marketing
strategy.
strategy.
21 (27)
21 Radnor
(27) Radnor
HillsHills
Mineral
Mineral
Water
Water
Company
Company
FORMED
FORMED
: 1990
: 1990
SALESSALES
: £29m
: £29m
2YR CAGR
2YR:CAGR
20.2%
: 20.2%
OWNED
OWNED
BY: The
BY:Watkins
The Watkins
familyfamily
23 (NEW)
23 (NEW)
Place
Place
UK UK
25
00(NEW)
25
00
(???)(NEW)
(???)
Company
Charlie
Company
Charlie
Bigham’s
name
Bigham’s
name
FORMED
FORMED
: 1954
: 1954
SALESSALES
: £18.4m
: £18.4m
2YR CAGR
2YR:CAGR
19.9%
: 19.9%
OWNED
OWNED
BY: Tim
BY:Place
Tim Place
and fiand
ve other
five other
FORMED
FORMED
: 1996
: 1996
SALES
FORMED
SALES
FORMED
: £37.8m
: xxxx
: £37.8m
: xxxx
2YR
SALES
CAGR
2YR
SALES
: £xx.xm
:CAGR
19.1%
: £xx.xm
: 19.1%
2YR
OWNED
CAGR
2YR
OWNED
BY:CAGR
:xx.x%
Charlie
BY::xx.x%
Charlie
Bigham
Bigham
OWNED
OWNED
BY: Name
BY: Name
here here
shareholders
shareholders
in here
in here
please
please
Charlie
Charlie
Bigham’s
Bigham’s
is theisonly
the only
cred-credible
player
ineostrup
ready
meals
–
player
in ready
meals
– icient
As sugar
As sugar
becomes
becomes
public
public
health
health
enemy
enemy One of
One
theoflargest
the largest
suppliers
suppliers
of soft
offruit
soft fruit
to to ible
llambranded
llam
quidbranded
quid
quossit
quossit
iorenest
iorenest
eostrup
icient
for
which
itpa
has
Horsegate
and
its own
which
itpahas
Horsegate
and
its
own
number
number
one, Radnor
one, Radnor
HillsHills
Welsh
Welsh
bottled
bottled the supermarkets,
the supermarkets,
PlacePlace
UK accelerated
UK accelerated for
delibusae
delibusae
dolupta
dolupta
nulpanulpa
debita
debita
volo
volo
resourcefulness
thank.
Bigham’s
resourcefulness
to
waterwater
has seen
has seen
salessales
surge.
surge.
It is investing
It is investing in 2013
in when
2013 when
it purchased
it purchased
its processits processdolorpo
dolorpo
ritaquas
ritaquas
exthank.
eato
ex
que
eaBigham’s
di
que
cusdae
di cusdae
tapped
into
the
premiumisation
into
the
premiumisation
trendtrend
£4.5m
£4.5m
in itsin
factory
its factory
to lifttocapacity
lift capacity
fromfrom ing partner
ing partner
of 10 of
years,
10 years,
Phaseolus,
Phaseolus,
which
which tapped
andiande
andiande
eos
dolluptas
eos
dolluptas
dolorehendia
dolorehendia
while
offtiorro
own-label
offerings
fending
offnemolup
own-label
offerings
sold sold
180 million
180 million
bottles
bottles
to 300
tomillion
300 million
this this
allowed
allowed
it to add
it tofrozen
add frozen
pulses
pulses
and beans
and beanswhile
auta
auta
cus,fending
nemolup
cus,
tiorro
quis
repelequis
repeleits enderfe
retail
customers,
with
its
meals-foritsby
retail
customers,
with
its meals-foryear.year.
Founder
Founder
William
William
Watkins
Watkins
has also
has also to itsto
portfolio.
its portfolio.
PlacePlace
UK remains
UK remains
family
family by
niam
niam
enderfe
riosam
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cum
cum
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namusnamustwo
inlikes
thesundam
likes
of Waitrose,
Sainsbury’s,
in
of Waitrose,
Sainsbury’s,
launched
launched
flavoured
flavoured
spring
spring
waterwater
.
.
owned
owned
and employs
and employs
around
around
650 people.
650 people. two
tia nossusanis
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nossusanis
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Ocado,
Booths
and Budgens
selling
Ocado,
Booths
and Budgens
selling
for for
around
Inthe
factbusiness
the business
revealed
around
£7. In£7.
fact
revealed
22 (NEW)
22 (NEW)
WA Baxter
WA Baxter
& &
24 (29)
24 Blue
(29) Blue
Skies
Skies
00 only
00
(???)
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Company
Company
name
name
this
month
that
that
the value
only
this month
that that
the
value
of itsof its
SonsSons
(Holdings)
(Holdings)
Holdings
Holdings
in here
in here
please
please
product
sales
in supermarkets
rose 35%
product
sales
in supermarkets
rose 35%
year
on: year
to £57m
12 months
year
on
to
£57m
in thein12the
months
to to
FORMED
FORMED
: 1868
: 1868
FORMED
FORMED
: 1997
: 1997
FORMED
FORMED
: year
xxxx
xxxx
31
August
2016.
has managed
also managed
31
August
It hasItalso
to to
SALESSALES
: £226.3m
: £226.3m
SALESSALES
: £72.8m
: £72.8m
SALES
SALES
: £xx.xm
:2016.
£xx.xm
swell
profi
ts
by improving
efficiency
swell
profi
ts
by
improving
efficiency
and and
2YR CAGR
2YR:CAGR
20.1%
: 20.1%
2YR CAGR
2YR:CAGR
19.8%
: 19.8%
2YR CAGR
2YR
:CAGR
xx.x%
: xx.x%
better
buying.
better
buying.
OWNED
OWNED
BY: The
BY:Baxter
The Baxter
familyfamily
OWNED
OWNED
BY: Anthony
BY: Anthony
Pile Pile
OWNED
OWNED
BY: Name
BY: Name
here here
Itsstaff
300 staff
currently
up about
Its 300
currently
cookcook
up about
meals
ain
day
in
its London
kitchen,
meals
a quossit
day
its
London
kitchen,
Scottish
Scottish
soupsoup
supplier
supplier
Baxters
Baxters
saw sales
saw sales Plentiful
Plentiful
global
global
fruit fruit
cropscrops
and favourand favour- 16,000
llam 16,000
llam
quid
quid
quossit
iorenest
iorenest
eostrup
eostrup
icient
icient
with
capacity
to
be
doubled
when
new
capacity
topa
bedolupta
doubled
whendebita
avolo
newavolo
jumpjump
40% 40%
last year
last year
after aft
huge
er huge
acquisiacquisi- able exchange
able exchange
ratesrates
in South
in South
Africa
Africa
and and with
delibusae
delibusae
pa dolupta
nulpa
nulpa
debita
inSouth
the
South
operational.
insite
the
West
is
operational.
tion-driven
tion-driven
growth
growth
in theinUS.
theAlthough
US. Although BrazilBrazil
helped
helped
freshfresh
fruit fruit
and juice
and juice
sup- sup- site
dolorpo
dolorpo
ritaquas
ritaquas
ex eaWest
ex
que
eais
di
que
cusdae
di cusdae
And
advertising
has
also
paid
And
advertising
also
paid
off foroff for
salessales
werewere
flat atflhome,
at at home,
the impact
the impact
of of
plier plier
Blue Blue
SkiesSkies
boostboost
salessales
by 20.5%
by 20.5%
andiande
andiande
eos
dolluptas
eos has
dolluptas
dolorehendia
dolorehendia
theauta
brand
TVtiorro
debut
last year
theauta
brand
with
itsnemolup
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debut
last year
its 2014
its 2014
deal to
deal
buy
toUS
buyconvenience
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in 2015.
in 2015.
ExtraExtra
earnings
earnings
werewere
usedused
to to
cus,
nemolup
cus,with
tiorro
quis
repelequis
repeletoriosam
boost
volumes
itsnamusflagship
to boost
volumes
of
itsof
flfaceper
agship
and foodservice
and foodservice
player
player
Wornick
Wornick
Foods
Foods upgrade
upgrade
production
production
facilities
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and modand mod- helping
niamhelping
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enderfe
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riosam
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cum
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namusfi
shnossusanis
pies
bysundam
35%.
fi
shnossusanis
pies
by
35%.
boosted
boosted
its top
itsline
topby
line
£75m.
by £75m.
ernise
ernise
its network
its network
of farms.
of farms.
tia
tia
sundam
renemoditem
renemoditem
www.thegrocer.co.uk
www.thegrocer.co.uk
29 October
29 October
2016 2016
| The| Grocer
The Grocer
| 29 | 29
cover
cover
story
story
thethe
fast
fast
5050
26 (NEW)
26 (NEW)
LoveLove
JoesJoes
28 (NEW)
28 (NEW)
Panesar
Panesar
Foods
Foods
30 (NEW)
30 (NEW)
Sarant
Sarant
FORMED
FORMED
: 1995
: 1995
SALESSALES
: £17.8m
: £17.8m
2YR CAGR
2YR :CAGR
18.9%
: 18.9%
OWNED
OWNED
BY: Joseph
BY: Joseph
and Doulla
and Doulla
Koumi
Koumi
FORMED
FORMED
: 1992
: 1992
SALESSALES
: £28.7m
: £28.7m
2YR CAGR
2YR:CAGR
18.5%
: 18.5%
OWNED
OWNED
BY: The
BY:Panesar
The Panesar
familyfamily
FORMED
FORMED
: 2009
: 2009
SALESSALES
: £17.5m
: £17.5m
2YR CAGR
2YR:CAGR
17.6%
: 17.6%
OWNED
OWNED
BY: Private
BY: Private
individual
individual
LoveLove
Joes is
Joes
theistrading
the trading
namename
for Chicken
for ChickenInvesting
Investing
bigger
bigger
sumssums
in itsin
NPD
its NPD
teamteam Sarant
Sarant
handles
handles
hugehuge
volumes
volumes
of honeys
of honeys
Joes,Joes,
a West
a West
Midlands-based
Midlands-based
foodserfoodserhelped
helped
family-owned
family-owned
Panesar
Panesar
Foods
Foods
fromfrom
around
around
the world,
the world,
supplying
supplying
the the
vice specialist,
vice specialist,
which
which
clocked
clocked
up 22.2%
up 22.2% growgrow
salessales
by 25%
by in
25%
2015.
in 2015.
FromFrom
only only
four fourindustry
industry
with with
buckets,
buckets,
drums
drums
and road
and road
growth
growth
last year
last year
despite
despite
the volatile
the volatile
lineslines
two decades
two decades
ago, it
ago,
now
it now
manufacmanufac- tankers
tankers
of theofsweet
the sweet
stuff.stuff
It also
. It imports
also imports
chicken
chicken
market.
market.
It supplies
It supplies
poultry-based
poultry-basedturers
turers
moremore
thanthan
750 diff
750erent
different
speciality
speciality speciality
speciality
and traditional
and traditional
ingredients,
ingredients,
options
options
to customers
to customers
including
including
schools,
schools, sauces
sauces
and products
and products
for both
for both
its branded
its branded including
including
dry seasonings,
dry seasonings,
spices,
spices,
glazes,
glazes,
hospitals
hospitals
and restaurants.
and restaurants.
Future
Future
plansplans lineslines
and supermarket
and supermarket
own own
label,label,
includinclud- soups,
soups,
custard
custard
and liquid
and liquid
marinades
marinades
include
include
expanding
expanding
its range
its range
and reach.
and reach. ing Asda,
ing Asda,
Aldi and
AldiMorrisons.
and Morrisons.
fromfrom
a purpose-built
a purpose-built
20,000
20,000
sq ft facility.
sq ft facility.
27 (9)
27Kolak
(9) Kolak
Snack
Snack
Foods
Foods
29 (48)
29 (48)
Aquascot
Aquascot
31 (NEW)
31 (NEW)
Rhokett
Rhokett
FORMED
FORMED
: 1984
: 1984
SALESSALES
: £109.5m
: £109.5m
2YR CAGR
2YR :CAGR
18.9%
: 18.9%
OWNED
OWNED
BY: The
BY:Lakhani
The Lakhani
familyfamily
FORMED
FORMED
: 1987
: 1987
SALESSALES
: £45.5m
: £45.5m
2YR CAGR
2YR:CAGR
18%: 18%
OWNED
OWNED
BY: Employee-owned
BY: Employee-owned
FORMED
FORMED
: 2001
: 2001
SALESSALES
: £11.5m
: £11.5m
2YR CAGR
2YR :CAGR
17.4%
: 17.4%
OWNED
OWNED
BY: Martin
BY: Martin
Dockett,
Dockett,
Gary Gary
Rhodes,
Rhodes,
PeterPeter
Le Voir
Le Voir
Trading
is still
isgoing
still going
swimmingly
swimmingly
at at
A familiar
A familiar
sightsight
in theinFast
the 50,
FastKolak’s
50, Kolak’s Trading
Waitrose
Waitrose
seafood
seafood
supplier
supplier
Aquascot
Aquascot
as itsas itsFormed
growth
growth
slowed
slowed
in 2015.
in 2015.
But in
But
October
in October
Formed
out ofout
a partnership
of a partnership
between
between
jumped
jumped
another
another
18.1%18.1%
last year.
last year.
2016 2016
it merged
it merged
with with
France-based
France-based
Europe
Europesalessales
chefschefs
GaryGary
Rhodes
Rhodes
and Martin
and Martin
Dockett,
Dockett,
The employee-owned
Scottish
Scottish
supplier
supplier Rhokett
Snacks,
Snacks,
which
which
will create
will create
one of
one
Europe’s
of Europe’s The employee-owned
Rhokett
specialises
specialises
in premium
in premium
des- deshas supplies
has supplies
a host
a host
of fish
ofand
fishseafood
and seafood serts.serts.
largest
largest
manufacturers
manufacturers
of own-label
of own-label
In October
In October
it secured
it secured
£1.5m£1.5m
of HSBC
of HSBC
products
to Waitrose
to Waitrose
and also
and via
alsoOcado.
via Ocado. fundsfunds
snacks
snacks
and sales
and sales
will double
will double
thanks
thanks
to to products
to open
to open
a 22,000
a 22,000
sq ft factory
sq ft factory
that that
Aquascot
has particularly
has particularly
benefi
benefi
ted by
ted by will allow
six sites
six sites
in France
in France
and the
andUK
theproducing
UK producing Aquascot
will allow
it to double
it to double
capacity
capacity
to serve
to serve
the growth
the growth
in sales
in sales
of salmon
of salmon
products
products clients
750 products
750 products
for 200
forretail
200 retail
customers.
customers.
clients
including
including
M&SM&S
and Waitrose.
and Waitrose.
at Waitrose
at Waitrose
in recent
in recent
years,
years,
developing
developing
a a
rangerange
of value-added
of value-added
pre-packed
pre-packed
prod-prod32 (NEW)
32 (NEW)
Braehead
Braehead
Foods
Foods
ucts including
ucts including
freshfresh
and frozen
and frozen
meals
meals
and whole
and whole
prepared
prepared
salmon
salmon
and trout
and trout
for for FORMED
FORMED
: 1998
: 1998
Waitrose’s
Waitrose’s
freshfresh
fish counter.
fish counter.
SALESSALES
: £14.7m
: £14.7m
As well
As as
well
growing
as growing
the top
theline,
top line,
2YR CAGR
2YR :CAGR
16.9%
: 16.9%
Aquascot’s
Aquascot’s
pre-tax
pre-tax
profits
profi
rose
ts 24.4%
rose 24.4%
OWNED
OWNED
BY: Craig
BY: Craig
Stevenson
Stevenson
to £2.5m
to £2.5m
last year
last year
and gross
and gross
profitprofi
mar-t margins gins
are aare
healthy
a healthy
14.5%.
14.5%.
The HighlandsThe Highlands- GameGame
and fiand
ne foods
fine foods
supplier
supplier
Braehead
Braehead
based
based
supplier
supplier
describes
describes
itselfitself
as a “hub”
as a “hub” has achieved
has achieved
nine nine
consecutive
consecutive
yearsyears
of of
for fishermen,
for fishermen,
farmers,
farmers,
processors
processors
and and growth
growth
thanks
thanks
to lucrative
to lucrative
contracts
contracts
with with
retailers
retailers
– many
– many
of whom
of whom
can now
can now
shareshare somesome
of theofUK’s
the UK’s
top restaurants
top restaurants
and and
in theinprofi
the ts
profi
as,tsinspired
as, inspired
by Waitrose
by Waitrose
foodservice
foodservice
operators.
operators.
In 2015,
In 2015,
salessales
fromfrom
owner
owner
JohnJohn
Lewis,
Lewis,
it moves
it moves
towards
towards
new off
new
shoot
offshoot
the Scottish
the Scottish
Charcuterie
Charcuterie
beingbeing
100%100%
employee-owned
employee-owned
by 2017.
by 2017. Company,
Company,
began
began
to pay
tooff
pay
too
offusing
too using
pro- produceduce
fromfrom
its Kilmarnock
its Kilmarnock
site. site.
33 (11)
33Jigsaw
(11) Jigsaw
Foods
Foods
FORMED
FORMED
: 2008
: 2008
SALESSALES
: £21.8m
: £21.8m
2YR CAGR
2YR :CAGR
16.9%
: 16.9%
OWNED
OWNED
BY: Nick
BY: Angus,
Nick Angus,
Christine
Christine
Moir Moir
and and
Michael
Michael
JonesJones
Investment
Investment
at itsat
facility
its facility
in theinEast
the East
Midlands
Midlands
led toled
more
to more
double-digit
double-digit
growth
growth
for the
forsauces
the sauces
and fland
avoured
flavoured
butters
butters
manufacturer.
manufacturer.
A £4m
A £4m
funding
funding
package
package
helped
helped
Jigsaw
Jigsaw
scalescale
up production,
up production,
hire hire
moremore
staff staff
and negotiate
and negotiate
betterbetter
terms.
terms.
It It
also expanded
also expanded
into the
intoUS
theinUS
2015.
in 2015.
30 | 30
The| Grocer
The Grocer
| 29 October
| 29 October
2016 2016
www.thegrocer.co.uk
www.thegrocer.co.uk
I N A ISNS OA CS ISAOTCI IOANT IWOINT HW I T H
36 (NEW)
36 (NEW)
Dawnfresh
Dawnfresh
Seafoods
Seafoods
FORMED
FORMED
: 1973
: 1973
SALESSALES
: £54.8m
: £54.8m
2YR CAGR
2YR :CAGR
16.8%
: 16.8%
OWNED
OWNED
BY: Alastair
BY: Alastair
Salvesen
Salvesen
Seafood
Seafood
producer
producer
Dawnfresh
Dawnfresh
has underhas undergonegone
big changes
big changes
in recent
in recent
months,
months,
sell- selling off
ingitsoff
frozen
its frozen
scampi
scampi
business
business
to to
competitor
competitor
Whitby
Whitby
Seafood
Seafood
in January
in January
as pre-tax
as pre-tax
losses
losses
remained
remained
a substantial
a substantial
£3.9m
£3.9m
despite
despite
salessales
growing
growing
grewgrew
32% 32%
in 2015.
in 2015.
During
During
the 1980s
the 1980s
the Scottish
the Scottish
producer
producer
had focused
had focused
almost
almost
entirely
entirely
on selling
on selling
scampi
scampi
but aft
but
eraft
opening
er opening
its state-of-theits state-of-theart seafood
art seafood
factory
factory
in Uddington
in Uddington
in 1991
in 1991
it hasitdiversifi
has diversifi
ed into
ed new
into new
fish markets,
fish markets,
including
including
trout,trout,
rollmop
rollmop
herring
herring
and and
super-premium
super-premium
smoked
smoked
salmon
salmon
under
under
its its
RR Spink
RR Spink
& Sons
& Sons
brand.
brand.
NowNow
afteraft
ditching
er ditching
its scampi
its scampi
division
division
altogether
altogether
the company
the company
says says
it willit focus
will focus
on these
on these
moremore
“pedigree
“pedigree
and heritage”
and heritage”
brands,
brands,
which
which
picked
picked
up a up
number
a number
of of
awards
awards
in theinpast
the past
12 months,
12 months,
as well
as well
as as
increasing
increasing
volumes
volumes
of itsof
Scottish
its Scottish
trouttrout
salessales
– all –areas
all areas
of theofbusiness
the business
that it
that
no it no
doubt
doubt
hopes
hopes
will push
will push
up both
up both
volumes
volumes
and profi
and profi
ts in ts
theinyear
the year
ahead.
ahead.
34 (34)
34 (34)
ParsPars
Group
Group
35 (NEW)
35 (NEW)
Dairy
Dairy
Partners
Partners
37 (NEW)
37 (NEW)
Edgmond
Edgmond
Foods
Foods
FORMED
FORMED
: 1952
: 1952
SALESSALES
: £10.6m
: £10.6m
2YR CAGR
2YR :CAGR
16.85%
: 16.85%
OWNED
OWNED
BY: The
BY:Sarafi
The Sarafi
loviclovic
family
family
FORMED
FORMED
: 1994
: 1994
SALESSALES
: £51.7m
: £51.7m
2YR CAGR
2YR :CAGR
16.8%
: 16.8%
OWNED
OWNED
BY: Clive
BY: Clive
Bennett,
Bennett,
John John
Bennett
Bennett
and and
FORMED
FORMED
: 1990
: 1990
SALESSALES
: £14m
: £14m
2YR CAGR
2YR :CAGR
16.7%
: 16.7%
OWNED
OWNED
BY: Nigel
BY: Nigel
Payne
Payne
two other
two other
shareholders
shareholders
Pie and
Pie pastry
and pastry
specialist
specialist
Pars Pars
Foods
Foods
Edgmond
Edgmond
is one
isof
one
many
of many
suppliers
suppliers
that that
maintained
maintained
its position
its position
in The
in Fast
The Fast
50 50
owe their
rapidrapid
growth
growth
to thetorise
theof
rise
theof the
Specialising
Specialising
in pizza-friendly
in pizza-friendly
cheese
cheese
like like owe their
withwith
a further
a further
9.2%9.2%
growth
growth
last year
last year
afterafter mozzarella,
discounters.
The Shropshire
The Shropshire
business,
business,
mozzarella,
DairyDairy
Partners
Partners
is theisnumthe num- discounters.
making
making
its debut
its debut
in 2015.
in 2015.
A wholesaler
A wholesaler ber one
employing
over over
100 staff
100 ,staff
makes
, makes
chilled
chilled
bersupplier
one supplier
of pizza
of pizza
cheese
cheese
in theinUK
the UKemploying
and retailer
and retailer
of bakery
of bakery
goods,
goods,
Pars Pars
sup- sup- via its
and frozen
quiches,
quiches,
tartstarts
and frittatas
and frittatas
for for
via
Danscorella
its Danscorella
brand.
brand.
It also
It also
recently
recently and frozen
pliesplies
a range
a range
of savoury
of savoury
products
products
and and
Aldi Aldi
and Lidl,
and Lidl,
as well
as well
as other
as other
retailers
retailers
became
became
the fithe
rst British
first British
cheesemaker
cheesemaker
pastry
pastry
cases,
cases,
bothboth
finished
finished
and ‘fi
and
ll to‘fill to
and foodservice
and foodservice
. It secured
. It secured
bankbank
funding
funding
to start
to start
producing
producing
kid-friendly
kid-friendly
string
string
bake’bake’
for the
forfoodservice
the foodservice
market.
market.
in 2014
in 2014
to expand
to expand
into larger
into larger
premises.
premises.
cheese.
cheese.
www.thegrocer.co.uk
www.thegrocer.co.uk
29 October
29 October
2016 2016
| The| Grocer
The Grocer
| 31 | 31
cover
cover
story
story
thethe
fast
fast
5050
38 (NEW)
38 (NEW)
Summit
Summit
FoodFood
Holdings
Holdings 39 (NEW)
39 (NEW)
Roberts
Roberts
of Port
of Port
Dinorwic
Dinorwic 40 40
(23) Cornish
(23) Cornish
Farm
Farm
Dairy
Dairy
FORMED
FORMED
: 1981
: 1981
SALESSALES
: £15.8m
: £15.8m
2YR CAGR
2YR :CAGR
16.3%
: 16.3%
OWNED
OWNED
BY: Dean
BY: Dean
and Vanessa
and Vanessa
LewisLewis
FORMED
FORMED
: 1924
: 1924
SALESSALES
: £12.1m
: £12.1m
2YR CAGR
2YR :CAGR
16.2%
: 16.2%
OWNED
OWNED
BY: Sara
BY: Sara
Roberts,
Roberts,
Miriam
Miriam
Williams
Williams
and Griffi
and Griffi
th Thomas
th Thomas
FORMED
FORMED
: 2001
: 2001
SALESSALES
: £34.9m
: £34.9m
2YR CAGR
2YR :CAGR
16.1%
: 16.1%
OWNED
OWNED
BY: Bill
BYClarke
: Bill Clarke
Home
Home
of theofSnacksters
the Snacksters
frozen
frozen
meatmeat
A fiercely
A fiercely
competitive
competitive
dairydairy
market
market
cou- cousnacksnack
brand,
brand,
Summit’s
Summit’s
core sales
core sales
fell last
fell last Thomas
with with
a costly
a costly
contamination
contamination
episode
episode
Thomas
Roberts
Roberts
started
started
out making
out making
porkpork pled pled
year year
but the
butacquisition
the acquisition
of Easy
of Easy
Eats Eats
UK UK pies in
– in which
traces
traces
of cleaning
of cleaning
product
product
pies
a butcher’s
in a butcher’s
shopshop
in North
in North
Wales,
Wales, – in which
– and– organic
and organic
growth
growth
of 8%offrom
8% from
NPD NPD
at at but now
found
found
in milk
in milk
at one
atof
one
itsof
dairies
its dairies
– –
but now
a fourth
a fourth
generation
generation
family
family
busi-busi- werewere
this food-to-go
this food-to-go
sandwiches
sandwiches
and snacks
and snacks ness,ness,
saw growth
slow slow
at Cornish
at Cornish
FarmFarm
Dairy.
Dairy.
it hasitcustomers
has customers
around
around
the world
the world saw growth
bolt-on
bolt-on
– proved
– proved
a boon.
a boon.
A new
A own-label
new own-labeland produces
contracts
contracts
still pushed
still pushed
up profi
up ts,
profits,
and produces
a wide
a wide
rangerange
of prepared
of prepared New New
contract
contract
in 2016
in 2016
and aand
new
a factory
new factory
for for
however,
supported
supported
by anby
£11.5m
an £11.5m
investinvestmeals
meals
for restaurants,
for restaurants,
pubs,pubs,
the foodserthe foodser- however,
East East
Eats Eats
look look
set toset
continue
to continue
the growth.
the growth. vice sector
mentment
in itsin
processing
its processing
systems.
systems.
vice sector
and more.
and more.
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FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
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llam llam
quidquid
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iorenest
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eostrup
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icienticient llam llam
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auta auta
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sundam
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41
41
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name
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name
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name
name
FORMED
SALES
FORMED
SALES
: £19.7m
: xxxx
: £19.7m
: xxxx
2YR
SALES
CAGR
2YR
SALES
: £xx.xm
:CAGR
16%
: £xx.xm
: 16%
2YR
OWNED
CAGR
2YR
OWNED
BY:CAGR
:xx.x%
Empire
BY::xx.x%
Empire
FoodFood
Brokers
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OWNED
OWNED
BY: Name
BY: Name
here here
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
FORMED
FORMED
: xxxx: xxxx
SALESSALES
: £xx.xm
: £xx.xm
2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
OWNED
OWNED
BY: Name
BY: Name
here here
in
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FORMED
FORMED
: 1995
: 1995
in here
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YearsYears
before
before
it wasit trendy,
was trendy,
BurtsBurts
ChipsChips
stripped
gluten,
out
gluten,
additives
additives
and
preand prellam stripped
llam
quidout
quid
quossit
quossit
iorenest
iorenest
eostrup
eostrup
icient
icient llam llam
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iorenest
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icienticient llam llam
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icienticient
servatives
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itsdolupta
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delibusae
delibusae
pa
dolupta
pa
nulpa
nulpa
debita
debita
volo volo delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo
hand-cooked
hand-cooked
crisps
.ea
First
.ea
First
sold
in
sold
in delis, dolorpo
dolorpo
dolorpo
ritaquas
ritaquas
excrisps
ex
que
di
que
cusdae
didelis,
cusdae
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
dolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
farm
farm
shops
shops
and
pubs,
and
pubs,
it dolorehendia
secured
it dolorehendia
secured
its first
its first andiande
andiande
andiande
eos
dolluptas
eos
dolluptas
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
andiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
listing
listing
in
Waitrose
in
Waitrose
in tiorro
2003.
in tiorro
2003.
Aft
erAft
various
errepelevarious auta auta
auta
auta
cus,
nemolup
cus,
nemolup
quis
quis
repelecus, nemolup
cus, nemolup
tiorrotiorro
quis quis
repelerepeleauta auta
cus, nemolup
cus, nemolup
tiorrotiorro
quis quis
repelerepelechanges
ofenderfe
ownership
of
ownership
andcum
management
andfaceper
management
niamchanges
niam
enderfe
riosam
riosam
cum
faceper
namusnamus-niamniam
enderfe
enderfe
riosam
riosam
cum cum
faceper
faceper
namusnamus-niamniam
enderfe
enderfe
riosam
riosam
cum cum
faceper
faceper
namusnamusit’s
now
it’s
now
backback
insundam
growth,
insundam
growth,
withrenemoditem
with
TescoTesco
and and tia nossusanis
tia nossusanis
tia nossusanis
renemoditem
tia nossusanis
sundam
sundam
renemoditem
renemoditem
tia nossusanis
tia nossusanis
sundam
sundam
renemoditem
renemoditem
AsdaAsda
among
among
stockists,
stockists,
and in
and
2014
in 2014
the the
brand
brand
branched
branched
out into
out lentil
into lentil
snacks
snacks
.
.
(???)(???)
Company
Company
name
name
00 00
(???)(???)
Company
Company
name
name
It aims
It aims
to beto
the
be“brand
the “brand
of choice
of choice
in thein the00 00
in here
please
please
in here
in here
please
please
premium
premium
segment”
segment”
and invested
and invested
in addiin addi- in here
tional
tional
capacity
capacity
at itsat
Devon
its Devon
HQ during
HQ during FORMED
FORMED
: xxxx: xxxx
FORMED
FORMED
: xxxx: xxxx
2015,2015,
where
where
its crisps
its crisps
are still
arecooked
still cooked
by by SALESSALES
: £xx.xm
: £xx.xm
SALESSALES
: £xx.xm
: £xx.xm
hand,
hand,
and aand
major
a major
marketing
marketing
campaign
campaign 2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
2YR CAGR
2YR :CAGR
xx.x%
: xx.x%
over over
summer
summer
to create
to create
‘the ultimate
‘the ultimate
crispcrisp OWNED
OWNED
BY: Name
BY: Name
here here
OWNED
OWNED
BY: Name
BY: Name
here here
sandwich’.
sandwich’.
The manufacturer
The manufacturer
hasn’t
hasn’t
let let
up onup
NPD
on NPD
either,
either,
launching
launching
collaboracollabora- llam llam
quidquid
quossit
quossit
iorenest
iorenest
eostrup
eostrup
icienticient llam llam
quidquid
quossit
quossit
iorenest
iorenest
eostrup
eostrup
icienticient
tive fltive
avours
flavours
with with
bothboth
Levi Levi
RootsRoots
and and delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo delibusae
delibusae
pa dolupta
pa dolupta
nulpanulpa
debita
debita
volo volo
brewer
brewer
Hobgoblin
Hobgoblin
in theinpast
the past
year year
to to
dolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
dolorpo
dolorpo
ritaquas
ritaquas
ex eaex
que
eadi
que
cusdae
di cusdae
pushpush
up sales.
up sales.
Now Now
BurtsBurts
has embarked
has embarked andiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
andiande
andiande
eos dolluptas
eos dolluptas
dolorehendia
dolorehendia
on a £3.1m
on a £3.1m
capital
capital
expenditure
expenditure
pro- proauta auta
cus, nemolup
cus, nemolup
tiorrotiorro
quis quis
repelerepeleauta auta
cus, nemolup
cus, nemolup
tiorrotiorro
quis quis
repelerepelegramme
gramme
that itthat
hopes
it hopes
will boost
will boost
growth
growth niamniam
enderfe
enderfe
riosam
riosam
cum cum
faceper
faceper
namusnamus-niamniam
enderfe
enderfe
riosam
riosam
cum cum
faceper
faceper
namusnamusby a further
by a further
33% 33%
in theinnext
the next
year.year.
tia nossusanis
tia nossusanis
sundam
sundam
renemoditem
renemoditem
tia nossusanis
tia nossusanis
sundam
sundam
renemoditem
renemoditem
32 | The
32 | Grocer
The Grocer
| 29 October
| 29 October
2016 2016
www.thegrocer.co.uk
www.thegrocer.co.uk
I N A IS NS OACSISAOTCI IOANT IWOINT HW I T H
42 (NEW)
42 (NEW)
Dunkleys
Dunkleys
46 46
(49) (49)
Dewlay
Dewlay
Cheesemakers
Cheesemakers
49 (NEW)
49 (NEW)
Scheff
Scheff
Foods
Foods
FORMED
FORMED
: 1993
: 1993
SALESSALES
: £23m
: £23m
2YR CAGR
2YR :CAGR
15.9%
: 15.9%
OWNED
OWNED
BY: Simon
BY: Simon
Dunkley
Dunkley
and Steve
and Steve
Foster
Foster
FORMED
FORMED
: 1993
: 1993
SALESSALES
: £15.9m
: £15.9m
2YR CAGR
2YR :CAGR
14.9%
: 14.9%
OWNED
OWNED
BY: Nick
BY: Nick
and Richard
and Richard
Kenyon
Kenyon
FORMED
FORMED
: 1987
: 1987
SALESSALES
: £10.7m
: £10.7m
2YR CAGR
2YR :CAGR
14.1%
: 14.1%
OWNED
OWNED
BY: Family-owned
BY: Family-owned
Third-generation
Third-generation
pie maker
pie maker
Dunkleys
Dunkleys
saw sales
saw sales
jumpjump
23.6%
23.6%
last year
last year
to propel
to propel
it intoit The
intoFast
The Fast
50 for50the
forfithe
rst time.
first time.
The The
pastry
pastry
supplier,
supplier,
which
which
also also
makes
makes
des- dessertsserts
and ready
and ready
meals,
meals,
plansplans
to expand
to expand
its manufacturing
its manufacturing
output
output
withwith
a £2m
a £2m
extension
extension
of itsof
Wellingborough-based
its Wellingborough-based
factory
factory
creating
creating
100 jobs.
100 jobs.
NowNow
in itsin
third
its third
generation
generation
of family
of family
The frozen
The frozen
readyready
meals
meals
and pastry
and pastry
buf- bufownership,
ownership,
Lancashire
Lancashire
cheesemaker
cheesemaker
fet snacks
fet snacks
supplier
supplier
to foodservice
to foodservice
has has
Dewlay
Dewlay
saw asaw
19.7%
a 19.7%
jumpjump
in sales
in sales
last last
benefi
benefi
ted both
ted both
fromfrom
the demise
the demise
of one
ofof
one of
year year
to consolidate
to consolidate
its place
its place
in The
inFast
The Fast its major
its major
rivalsrivals
and investment
and investment
in new
in new
50. The
50.maker
The maker
of Garstang
of Garstang
has its
has
own
its own products.
products.
ProfiProfi
ts increased
ts increased
45% 45%
in 2015
in 2015
to to
specialist
specialist
cheese
cheese
shop,shop,
but also
but also
supplies
supplies £435k
£435k
but itbut
expects
it expects
the living
the living
wagewage
and and
majormajor
retailers
retailers
including
including
Tesco,
Tesco,
AsdaAsda
and andhigher
higher
raw material
raw material
prices
prices
caused
caused
by a by a
Sainsbury’s,
Sainsbury’s,
and exports
and exports
globally.
globally.
weakweak
pound
pound
to hittothe
hitbottom
the bottom
line. line.
43 (NEW)
43 (NEW)
Zeina
Zeina
Foods
Foods
50 (NEW)
50 (NEW)
Nageena
Nageena
FORMED
FORMED
: 1980
: 1980
SALESSALES
: £17.2m
: £17.2m
2YR CAGR
2YR :CAGR
15.8%
: 15.8%
OWNED
OWNED
BY: Saafa
BY: Saafa
Ali Ali
FORMED
FORMED
: 1977
: 1977
SALESSALES
: £19.6m
: £19.6m
2YR CAGR
2YR :CAGR
13.9%
: 13.9%
OWNED
OWNED
BY: Shamim
BY: Shamim
Akhtar,
Akhtar,
Shabaz
Shabaz
and and
Launching
Launching
its own
its own
ZeinaZeina
LoveLove
Our Food
Our Food
brand
brand
in 2008
in 2008
added
added
another
another
string
string
to to
the bow
the bow
of theofbulk
the bulk
supplier
supplier
of pistachio
of pistachio
nuts.nuts.
It hasItsince
has since
expanded
expanded
the range
the range
of of
80g bags
80g bags
to include
to include
almonds
almonds
and cashand cashews,ews,
as well
as well
as new
as new
flavours.
flavours.
ZeinaZeina
con- continued
tinued
to diversify
to diversify
, investing
, investing
in a new
in a new
venture
venture
to supply
to supply
stuffed
stuff
dates
ed dates
to thetoUK.
the UK.
Family
Family
owned
owned
UK Snacks
UK Snacks
makes
makes
and and
sellssells
Indian-style
Indian-style
Bombay
Bombay
mix,mix,
peanuts,
peanuts,
sweets
sweets
and savoury
and savoury
snacks.
snacks.
SalesSales
jumped
jumped
15% last
15%year
last year
whilewhile
profiprofi
ts were
ts were
boosted
boosted
by higher-margin
by higher-margin
products
products
like popcorn
like popcorn
and prawn
and prawn
crackers.
crackers.
It is now
It is now
planning
planning
an international
an international
growth
growth
push.push.
NazirNazir
Ahmed
Ahmed
44 44
(25) Bells
(25) Bells
of Lazonby
of Lazonby
47 (NEW)
47 (NEW)
Giorgio’s
Giorgio’s
Continental
Continental
FORMED
FORMED
: 1946
: 1946
SALESSALES
: £18m
: £18m
2YR CAGR
2YR :CAGR
15.8%
: 15.8%
OWNED
OWNED
BY: The
BY:Bell
Thefamily
Bell family
FORMED
FORMED
: 1964
: 1964
SALESSALES
: £29.5m
: £29.5m
2YR CAGR
2YR :CAGR
14.7%
: 14.7%
OWNED
OWNED
BY: The
BY:Tudino
The Tudino
family
family
Methodology:
The Fast
50 was
Methodology:
The Fast
50 was
developed
by The
in conjunction
developed
byGrocer
The Grocer
in conjunction
with with
Catalyst
Corporate
Finance.
It It
Catalyst
Corporate
Finance.
ranksranks
the fastest-growing
privately
the fastest-growing
privately
NowNow
employing
employing
closeclose
to 250tostaff
250 ,staff
baker
, baker Founder
Founder
Cavaliere
Cavaliere
Giorgio
Giorgio
Tudino
Tudino
died died
owned
owned
food food
and drink
and drink
businesses
businesses
in in
BellsBells
of Lazonby
of Lazonby
has seen
has seen
rapidrapid
expanexpan- in 2015
in 2015
agedaged
84, but
84,his
butfamily-run
his family-run
busi-busithe UK
theby
UK
compound
by compound
annual
annual
salessales
sion,sion,
withwith
salessales
up 13%
up (its
13%fi(its
fth fi
year
fth year
of of ness ness
in Nottingham
in Nottingham
continues
continues
to grow.
to grow.
growth
growth
(CAGR)
(CAGR)
over over
a two-year
a two-year
period.
period.
double-digit
double-digit
growth)
growth)
and pre-tax
and pre-tax
profiprofi
ts ts Giorgio’s
Giorgio’s
supplies
supplies
highhigh
quality
quality
Italian
Italian
To qualify,
To qualify,
salessales
needed
needed
to exceed
to exceed
£5m £5m
up 4.5%
up 4.5%
to £764k
to £764k
in 2015.
in 2015.
Its entire
Its entire
rangerange foodsfoods
fromfrom
two factories
two factories
in Newthorpe:
in Newthorpe:
in both
thesethese
years.
years.
Companies
Companies
had to
had to
of loaves,
of loaves,
cakescakes
and meringues,
and meringues,
supplied
supplied a processing
a processing
centre,
centre,
which
which
supplies
supplies
cus- cus- in both
be registered
in theinUK
independent
be registered
theas
UK
as independent
to retail
to retail
and foodservice,
and foodservice,
all underwent
all underwent
a a tomers
tomers
withwith
cheese,
cheese,
meat,meat,
alcohol
alcohol
and and
and unquoted,
and unquoted,
with with
substantially
substantially
refresh
refresh
to mark
to mark
its 70th
its 70th
anniversary
anniversary
too. too. oliveolive
oil, and
oil, aand
fresh
a fresh
pastapasta
factory.
factory.
UK-based
UK-based
operations
operations
and/or
and/or
shareholders
shareholders
at theattime
the time
of compilation.
of compilation.
45 (NEW)
45 (NEW)
Marigold
Marigold
Health
Health
Foods
Foods 48 (NEW)
48 (NEW)
Nairn’s
Nairn’s
Oatcakes
Oatcakes
Companies
Companies
filingfiabbreviated
ling abbreviated
accounts
accounts
at
Companies
at
Companies
House
House
were
were
excluded.
excluded.
FORMED
FORMED
: 1977
: 1977
FORMED
FORMED
: 1896
: 1896
Unaudited
Unaudited
management
management
accounts
accounts
SALESSALES
: £28.3m
: £28.3m
SALESSALES
: £24.6m
: £24.6m
werewere
not accepted.
not accepted.
Companies
Companies
that that
2YR CAGR
2YR :CAGR
15.2%
: 15.2%
2YR CAGR
2YR :CAGR
14.4%
: 14.4%
have
any
shares
or
other
fi
nancial
have
any
shares
or
other
fi
nancial
OWNED
OWNED
BY: Patrick
BY: Patrick
TobinTobin
OWNED
OWNED
BY: Mark
BY: Mark
Laing,Laing,
John John
Holroyd,
Holroyd,
GavinGavin
instruments
instruments
listedlisted
on a on
stock
a stock
exchange,
exchange,
LoveLove
and Ken
andMcGarrity
Ken McGarrity
or where
shares
are held
by any
or where
theirtheir
shares
are held
by any
A wholesaler
A wholesaler
of vegetarian
of vegetarian
and vegan
and vegan
quoted
or overseas
company,
quoted
UK orUK
overseas
company,
do do
food,food,
Marigold
Marigold
distributes
distributes
moremore
thanthan
Twenty
Twenty
yearsyears
afteraft
theerbusiness
the business
was was
not qualify
not qualify
for inclusion.
for inclusion.
Any company
Any company
5,0005,000
lines,lines,
half of
half
them
of them
chilled,
chilled,
and and
bought
bought
up from
up from
United
United
Biscuits
Biscuits
by four
by four
not included
not included
in thein2015
the 2015
Fast Fast
50 that
50 that
has benefi
has benefi
ted from
ted from
booming
booming
demand
demand
for for ex-employees,
ex-employees,
Nairn’s
Nairn’s
Oatcakes
Oatcakes
has benhas bena verifi
for inclusion
has ahas
verifi
able able
case case
for inclusion
healthy
healthy
foodfood
and new
and new
storestore
openings
openings
for for efitedefifrom
ted from
a huge
a huge
rise in
rise
demand
in demand
for itsfor its
should
should
emailemail
Simon
Simon
Peacock
Peacock
at at
customers
customers
suchsuch
as Planet
as Planet
Organic
Organic
and and gluten-free
gluten-free
snack
snack
options,
options,
withwith
oatcakes
oatcakes
[email protected].
[email protected].
Whole
Whole
Foods.
Foods.
It also
It also
sellssells
its own
its own
brand
brand and biscuits
and biscuits
driving
driving
an extra
an extra
£2m £2m
in in
of organic
of organic
stockstock
powders
powders
to thetomults.
the mults.
salessales
in 2015.
in 2015.
www.thegrocer.co.uk
www.thegrocer.co.uk
29 October
29 October
2016 2016
| The| Grocer
The Grocer
| 33 | 33