FDBusiness.com

Meadow Foods, the UK’s leading supplier of dairy based ingredients to the food industry, has acquired Nimbus Foods from leading international ambient food group Valeo Foods for an undisclosed sum. The move is a further step towards Meadow Foods fulfilling its strategic objective of growing the business through organic expansion and acquisition.

Nimbus Foods is one of Europe’s leading innovators and manufacturers of high-quality inclusions, decorations and toppings for the food industry. The company operates from a BRC AA Grade factory at Dolgellau in Wales, and supplies some of the world’s best-known brands across categories such as bakery, confectionery, ice-cream, desserts and cereals.

Mark Chantler, chief executive of Meadow Foods, comments: “Nimbus fits perfectly with our growth strategy of pushing further into the value added ingredients space. This acquisition will further diversify our portfolio and strengthen our position as a leading supplier of confectionery ingredients. There is a large customer overlap and we continue to grow with the demands of our customers who are looking for strategic partners that can offer unique ingredients solutions.”

The acquisition also allows Meadow Foods to increase the diversity of ingredients it offers, while leveraging the company’s existing manufacturing, sales and NPD capabilities.

The announcement follows a strategic investment into Meadow Foods from Exponent, one of the UK’s leading private equity firms. This investment, made in Summer 2018, was intended to support MeadowFoods’ strategy to grow the business through organic expansion and acquisitions.

Meadow Foods employs more than 400 people across four BRC AA accredited sites at Chester, Peterborough, Holme-on-Spalding Moor and Dolgellau which manufacture value added dairy ingredients for some of the world’s best known food manufacturers and food service operators.