Clearwater International has advised the shareholders of The Real Yorkshire Pudding Company (RYP) on its sale to Go2 Foods, a newly established investment vehicle.
Founded in 1991, RYP supplies many of the major food retailers and national wholesalers as well as other food manufacturers. The business has recently introduced a gluten-free range and produces about 100 million puddings per annum from its 43,000 sq ft factory in Thorne, near Doncaster.
Go2 Foods was founded by experienced food industry executives Paul Simmonds and Rob Davies, the former CEO and co-founder of UK snacks group Glisten.
The deal is a combined buy-in buy-out as shareholder Charles Payne is maintaining his shareholding, re-investing in Go2/RYP, and will continue in his role as managing director. Founder Paul Holmes and his wife have both exited the business as part of the deal.
Partner Paul Newell and Director Rob Burden advised The Real Yorkshire Pudding Company on the sale.