Sale shows advisers know their onionsNov 07, 2014
The transaction included hiving down the division into a new company ahead of the sale. Law firm Greenwoods also advised Fenmarc.
The MacIntyre Hudson team was led by managing director Laurence Whitehead and director Craig Chamberlain. Fenmarc managing director Richard Anderson said: “We appointed them because we felt they were a great cultural fit with our business, knowing when to listen and when to take charge.
"They understood from the outset what we wanted to achieve and helped us scope out the best way to get there.”
Mr Whitehead said: “The fit with Produce World is undoubtedly a good one for the roots division and it was a pleasure to assist Mark and his senior team on what was a complicated and at times complex transaction.”
Produce World grows and supplies a range of fresh vegetables from sites across East Anglia. The acquisition of Fenmarc is part of its on-going plan to develop and grow a sustainable fresh produce business.
Executive chairman Neil Fraser said: “We are confident that this move will further strengthen Produce World’s position in the market, firmly establishing it as the UK’s leading grower and supplier of root vegetables.”