Springboard advise on sale of Tollblend to French multi-national Lesaffre

December, 2016 - Birmingham, England

Springboard Corporate Finance is delighted to announce that it has advised on the sale of Worcestershire-based food manufacturer Tollblend to Lesaffre, a French privately owned multi-national strategic acquiror.

Tollblend, established in 1987, has extensive experience in the powder blending industry both in manufacturing, including impressive “gluten-free” production facilities, and provide food science consultancy services to the food production industry. Tollblend provides powder blends to many large multi-national organisations who supply the major UK supermarkets and specialist food producers.

Lesaffre, which was established in 1853, manufactures and markets innovative solutions for baking, food taste & pleasure, health care and biotechnology and employs in excess of 9,000 people across more than 70 subsidiaries based in 40 countries.

Tollblend was advised on the transaction by Justin Sparks, Partner at Springboard Corporate Finance, with legal advice provided by Alison Scott from Harrison Clark Rickerbys.

Justin said “The shareholders of Tollblend have invested heavily in their business over recent years. They built a low cost production facility whilst at the same time focusing on adding value with their consultancy services. This acquisition represents a vindication of this strategy and we are delighted to have been able to deliver this transaction for the shareholders”.

Brian Mcluskie, former Chairman of Tollblend, commented “We believe that Tollblend is an excellent strategic fit for Lesaffre and we are delighted that the business is now part of their multi-national group. This transaction will allow Tollblend to strengthen its position across all of its core markets and we are excited for the opportunities ahead.”

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