The acquisition will see the directors of Foodfellas retain a significant shareholding in the new business and work collaboratively with CP Foods to continue to grow the business.
Clive Britton, commercial director of CP Foods, said, “This is a great move for both businesses. From the beginning of the discussions, it was clear that we had a shared heritage in and passion for the food industry and that we were jointly committed to doing better business and bringing great tasting products to all our customers – and their consumers.
Marc Werter, director of The Foodfellas Ltd, said, “We are delighted to be able to join the extended family of such a dynamic and exciting global business. We’ve spent the last decade working tirelessly to ensure The Foodfellas is the best possible business it can be – sharing a range of targeted products with some of the biggest names in UK foodservice.
“Our product ranges complement each other perfectly and ensure that our combined portfolio is now not only comprehensive in its scope and scale, but also best in class in terms of performance, taste and customer service.”
CP Foods has a portfolio of prepared meals, snack foods and protein-based products, whilst Foodfellas specialises in supplying the growing casual dining market both within the wider casual channel and the UK’s on-trade food market.