Bracebridge Corporate Finance has advised on the sale of Romix Foods Limited, based in Leigh, northwest England, to AB Mauri UK&I, a global family of yeast and bakery ingredients companies operating in all parts of the world as a division of Associated British Foods plc.
Romix Foods is a specialist food blending business. It is a respected food manufacturer, which specialises in producing recipes for the bakery favourites and confectionery markets. The company is known for its effective management of allergen ingredients throughout its manufacturing processes.
Bracebridge Corporate Finance advised the shareholders on the sale of 100% of the shares.
Andy Moore, Managing Director of Bracebridge Corporate Finance commented: “We are delighted with the outcome for the shareholders of Romix Foods and to have found an excellent home for the business. We look forward to seeing the Romix business go from strength to strength under AB Mauri’s ownership.”
Mick McGowan, Managing Director of Romix, will continue to lead the company along with the current management team. McGowan expressed his delight about this new chapter, stating, “We are excited to be part of the AB Mauri family. This acquisition represents a significant milestone for Romix and promises to bring numerous benefits to our staff and customers alike.”
The acquisition is set to enhance Romix’s technical capabilities, further strengthening its value proposition for its customers. “We are committed to leveraging the strengths of our combined organisations to foster growth, innovation, and overall customer satisfaction,” McGowan added.
