Warburtons sell Soreen to Inter Link Foods plc

Clearwater顾问

Warburtons, the UK’s leading independent baker, has sold its Soreen malt loaf business, based in Trafford Park, Manchester to Inter Link Foods PLC. The Soreen business was established as part of Imperial Bakeries (Manchester) Ltd and was acquired by Warburtons in 1959. It has an annual turnover of £11 million and employs 130 people. Inter Link Foods plc, based in Blackburn, is a leading UK manufacturer of private label cakes, pastries and other baked products, with six manufacturing locations, primarily in Lancashire and Yorkshire. Inter Link also distributes cakes and confectionery to independent retailers and the food service sector. Warburtons were advised by the Nottingham office of Clearwater International led by Phil Burns. Clearwater identified Inter Link as a potential purchaser for Soreen and led the negotiations with them.

“This deal represents an excellent outcome for all parties. We are delighted to have found a purchaser such as Inter Link for whom this acquisition will form a core part of its ongoing strategy”.

Phil Burns, Partner, Clearwater International