Oghma Partners advises Solina Group on the acquisition of UK-based Bowman Ingredients
We have received the following news item from Oghma Partners LLP:
Oghma Partners is pleased to announce its role as exclusive corporate finance advisor to Solina, the leading European producer of savoury ingredients solutions for the food industry, on the acquisition of Bowman Ingredients, a leading supplier of coating systems to foodservice and retail food processors, with products including breadcrumbs, batters and marinades.
Bowman Ingredients generates revenues of £60 million with 220 employees across the UK and Poland and is a partner in two joint ventures in South Africa and Thailand. This latest transaction, announced today, is the third acquisition for Solina on which Oghma Partners has acted as exclusive corporate finance advisor. This deal adds to Oghma’s portfolio of successful cross-border, UK and European transactions and demonstrates the team’s expertise in working with large multinationals and smaller family-owned businesses across Europe, assisting clients with successful transactions even in the current challenging market conditions.
Rory Bowman, founder, shareholder and CEO of Bowman Ingredients commented: “We are delighted to become a part of the Solina Group who clearly share the same values, passion and innovative spirit as Bowman Ingredients. Our management team will remain in place, and I am excited to be working with Solina to continue to lead Bowman Ingredients at such an exciting phase of our growth. We look forward to exposure to Solina’s new technologies and enhanced geographical reach.”
Anthony Francheterre, CEO of Solina added: “We were continuously impressed by Bowman’s expertise and the strength of the management team. Beyond being a strong cultural fit, Bowman Ingredients is well-established in the convenience food and foodservice QSRs (Quick Service Restaurants) which represent a strategic pillar for Solina’s future growth. Working in partnership, Solina and Bowman are complementary, both in terms of product portfolio and customer base.”
The parties have agreed not to disclose the transaction value. Tel: +44 20 8049 2201
Click here to Visit Website: http://www.oghmapartners.com
Oghma Partners is pleased to announce its role as exclusive corporate finance advisor to Solina, the leading European producer of savoury ingredients solutions for the food industry, on the acquisition of Bowman Ingredients, a leading supplier of coating systems to foodservice and retail food processors, with products including breadcrumbs, batters and marinades.
Bowman Ingredients generates revenues of £60 million with 220 employees across the UK and Poland and is a partner in two joint ventures in South Africa and Thailand. This latest transaction, announced today, is the third acquisition for Solina on which Oghma Partners has acted as exclusive corporate finance advisor. This deal adds to Oghma’s portfolio of successful cross-border, UK and European transactions and demonstrates the team’s expertise in working with large multinationals and smaller family-owned businesses across Europe, assisting clients with successful transactions even in the current challenging market conditions.
Rory Bowman, founder, shareholder and CEO of Bowman Ingredients commented: “We are delighted to become a part of the Solina Group who clearly share the same values, passion and innovative spirit as Bowman Ingredients. Our management team will remain in place, and I am excited to be working with Solina to continue to lead Bowman Ingredients at such an exciting phase of our growth. We look forward to exposure to Solina’s new technologies and enhanced geographical reach.”
Anthony Francheterre, CEO of Solina added: “We were continuously impressed by Bowman’s expertise and the strength of the management team. Beyond being a strong cultural fit, Bowman Ingredients is well-established in the convenience food and foodservice QSRs (Quick Service Restaurants) which represent a strategic pillar for Solina’s future growth. Working in partnership, Solina and Bowman are complementary, both in terms of product portfolio and customer base.”
The parties have agreed not to disclose the transaction value. Tel: +44 20 8049 2201
Click here to Visit Website: http://www.oghmapartners.com
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