Tuber Group, a rapidly expanding food company in Hull, has completed its second acquisition in six months.
The My Fresh subsidiary of William Jackson Food Group, another business in the town, has been taken over, having added Scunthorpe-based Saxon Foods late last year.
The Bedfordshire-based fresh produce processor, with its 150 employees, has been brought on in an undisclosed deal.
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Part of the William Jackson Food Group since 2006, it is described as one of the UK’s leading suppliers of prepared vegetables to the B2B and catering sector.
Steve Humphrey, Founder and Owner of Tuber Group, said: “This latest acquisition marks an exciting new step in the development of Tuber Group as we continue to expand the range of food products we offer and optimize our sourcing capabilities. world.
“Adding a well-established vegetable processor like MyFresh is a perfect fit for us given Tuber Group’s established position on the global vegetable trading stage, alongside our value-added potato manufacturing facility, serving both retail and food service. This will give Tuber Group a great opportunity to expand MyFresh’s current customer offering and drive sales in the B2B and foodservice sectors.
The range includes peeled and chopped potatoes, onions, carrots, sweet potatoes and mashed products. It has a team of 150 people based at its British Retail Consortium Grade AA accredited processing plant in Chicksands, which includes an on-site anaerobic digestion plant, producing electricity from vegetable waste.
Tuber was founded in 2017 to supply potatoes to food processors and packers in the UK. It sources a wide range of fresh and frozen products for food processors and catering companies around the world.
Since acquiring Saxon, it has added a range of allergen-free frozen products to its portfolio.
Mr Humphrey, who operates from Hessle, said: ‘Our intention is to invest heavily in the MyFresh site, installing cooking and freezing capabilities, alongside a very careful food storage operation at high risk such as dairy products, eggs, meat and seafood.
“This supports our aim to become the UK’s largest ‘one-stop-shop’, supplying freshly prepared, cooked and frozen and ready-to-eat vegetables, as well as pureed produce, to B2B, catering and retail customers across the country. detail.
“There is a fantastic team at MyFresh and we look forward to working with them as we take this great company to the next stage of its journey. Building on MyFresh’s many years of knowledge and expertise in the fresh produce preparation sector, we will drive it into new areas, such as ready-to-eat, direct-to-retail, and aim to add significant value to the food industry as a whole. thanks to our innovative ideas.
My Fresh was established in 1987 and prepares over 35,000 tonnes of vegetables each year, supplied by trusted farmers across the UK. The company also sources globally to ensure a strong supply chain all year round.
James Watson, Managing Director of William Jackson Food Group, said: “This sale represents a great opportunity for MyFresh to join a like-minded company with expertise in fresh produce and plans to invest and expand into new markets. . We have known some of our MyFresh colleagues for 16 years, so it is hard to say goodbye, but I am convinced that this opportunity is what MyFresh needs to thrive.
The loss-making bakery giant had sold MyFresh Wigan to Agrial, owner of the Florette brand, five years ago. It had previously traded as Parripark and Hazeldene.
East Yorkshire-based James Legal supported Tuber in the complex acquisition, with four teams involved.
Lead attorney Byron Swarbrick led the purchase. He said: “Selling or buying a subsidiary is always a complex business, especially since there are many stakeholders involved, but Tuber has earned a lot of respect from all the parties she works with, and everyone worked together superbly to get the deal on the line.”
Other advisers included Mike Stocks of Smailes Goldie Accountants in Hull and Phil Trueman of Reach Commercial Finance in Leeds.
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