Hilco Capital is pleased to confirm the sale of Anglia Crown, one of the largest suppliers of pre-prepared meals to the National Health Service, to Fafari Green World SA for an undisclosed sum.
Anglia Crown has been one of the largest chilled and frozen prepared meal manufacturers to the healthcare sector in the UK for more than thirty years, and in recent years has successfully diversified its customer base into complementary sectors across the UK and Europe.
Since investing in Anglia Crown in early 2020, Hilco Capital has worked closely with Anglia’s management team, Andrew Lone and Paul Howell, to navigate the unprecedented demands on providing meals to the healthcare sector during the COVID crisis, and to progressively focus on developing profitable growth in healthcare and other sectors.
“Anglia Crown’s collaboration with Hilco Capital has allowed us to stabilise and grow the business, and has positioned the company for significant further growth under Fafari Green World SA’s ownership,” noted Andrew Lone, Director at Anglia Crown.
Steven Pell, Investment Director at Hilco Capital, commented: “We are pleased to have strengthened the business during our period of ownership, enabling its onward sale to an international group with a dedicated foodservice portfolio, which is therefore ideally placed to take Anglia Crown on the next stage of its journey. We would like to thank everyone at Anglia Crown for all the hard work and dedication they have shown to the business over the past three years”.
Rickard Gillblad, CEO of Fafari Green World SA, commented: “Our UK business has worked closely with Anglia Crown as a customer and supplier for many years. This acquisition will unlock many synergies between the businesses and we look forward to working with the team at Anglia Crown. We are confident our integrated approach will help to build on its success and drive it forward to an exciting future”.