Jordans secures £20 million expansion deal

assessor de Clearwater

W Jordan (Cereals) Ltd have secured a £20 million development capital package to enable the company to undertake major expansion plans, including a new warehouse and distribution facility in Biggleswade, Bedfordshire. The £20 million facility has been provided by HSBC Structured Finance in Birmingham with Jordans being advised jointly on the deal by Clearwater International and Tenon Corporate Finance. Jordans are the leading manufacturer of branded cereals and cereal bars and can lay claim to having introduced the first cereal bar into the UK in the early 1980’s. With four existing sites in Biggleswade, the company employs just fewer than 400 staff and has a turnover of £60 million. The funding will also be used for investment in new plant and machinery.

“This funding package will enable Jordans to further capitalise and develop on their market position. We are delighted to have been involved in this transaction – involving as it does one of the leading businesses in the food sector.”

Phil Burns, Partner, Clearwater International