Benchmark International is delighted to announce the sale of Stockton-on-Tees food packaging firm, Tom Walker & Sons (TWS), to Glasgow-based food ingredients group, HMS.
Established in 1982, TWS is one of the UK’s leading distributors, importers and packers of cheese products, supplying to a national retail and wholesale customer base. Services include cutting and packing, co-packing, new product development and national chilled distribution of a vast selection of cheeses, including Cambozola cheese, of which it is the sole UK distributor.
HMS and its subsidiaries are one of Europe’s largest food ingredient distributors. Established in 1992, HMS has a turnover in excess of £210m and provides UK and European coverage through a network of six warehouses and 73 vehicles. The acquisition of TWS will allow the company to benefit from adding additional food products to its current offering.
Following the acquisition, TWS will continue to operate as a stand-alone business and will be headed up by Russell Eley who will take over from Peter Walker, the current managing director.
Mr Walker said: “After 38 years since my family founded Tom Walker & Sons, I, along with Pauline, have decided to finally retire.
“When planning this, the key consideration for us was to make sure the business passed to an owner who would further develop the business whilst preserving the facility and employees here in Thorpe Leazes. So, we are handing the baton over to a carefully chosen partner who shares TWS’ values – flexibility, quality and customer focus. I’ve no doubt that HMS is a great home for Tom Walker & Sons.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
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Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.