Our Companies
Company
Blueberry
Sector
Food
Location
Market Harborough
Status
Current
Background
Blueberry is the UK‘s leading supplier and distributor of speciality ambient food to the independent retail market, specifically garden centres, farm shops, department stores and speciality food retailers. The business has 2500 customers across 17 customer categories. It was formed in January 2005 from the merger of three businesses when serial entrepreneurs, Stuart Robinson and Mike Thorne, acquired Fosters Traditional Foods Limited.
Deal Information
Deal size: £11 million
Deal type: MBO
Bought from: 3i
Date of investment: February 2009
Investment rationale
We are backing a proven management who have a strong track record of generating excellent private equity returns in the food sector. Blueberry dominates its sales channel and is a robust and profitable platform to achieve organic and acquisitive growth in a highly fragmented market. There are significant opportunities to target complementary product lines suitable for acquisition and integration.
