Brexit driving UK food business acquisitions

18th April 2018

The impending threat of Great Britain leaving the European Union is doing little to scare off investors in UK food businesses.

Conversely, it has been cited as one of the main reasons for the strong number of deals carried out in the sector in a newly published report.

According to Simon Peacock, director at Catalyst Corporate Finance, nine deals involving food businesses have been completed in the first quarter of 2018, seven of which involve trade buyers and two led by a UK financial investor.

He explained why UK food businesses are proving so popular. “Establishing a UK footprint or investing in a trusted UK food and drink brand is being viewed as a way to ward off potential tariffs that could be imposed on EU imports for trade,” ​said Peacock. “For private equity and private owners, healthy businesses in the sector are now being seen as strong bets for continued growth despite Britain’s impending departure from the EU.”​

 

Source: Food Manufacture

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