Meadow Foods, the UK based supplier of dairy based ingredients to the food industry, announces the acquisition of Nimbus Foods Limited. The announcement 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 in Dolgellau, 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 equity firms. This investment, made in Summer 2018, was intended to support MeadowFoods’ strategy to grow the business through organic expansion and acquisitions.