Aarti Sweet Centre has acquired Sangam Paneer, a manufacturer of paneer, supported by a seven-figure funding package from HSBC UK.
The acquisition will allow Aarti Sweet Centre to grow its client base by integrating Sangam Paneer’s roster of long-standing customers, including major supermarkets.
The deal secures 22 existing jobs and is expected to create new employment opportunities as Aarti Sweet Centre continues to expand. It will also increase the business’s overall production capacity, enabling it to meet rising demand across the UK.
Hardas Keshwala, director at Aarti Sweet Centre, said: “With HSBC UK’s backing, we’re delighted to welcome Sangam Paneer into the Aarti Sweet Centre family. This strategic acquisition strengthens our production capabilities and enables us to serve an even wider client base across the UK.
“We’re committed to preserving the heritage and quality Sangam Paneer is known for, while continuing to grow our offer.”
Hitesh Mistry, relationship manager at HSBC UK, added: “This acquisition not only safeguards and creates local jobs but also brings together two respected brands to deliver high-quality vegetarian food at scale.”
Richard Parker, area director at HSBC UK, said: “By supporting Aarti Sweet Centre’s growth, we have allowed them to not only foster innovation and quality but also create new employment opportunities in the local area.”
Aarti Sweet Centre is now set to build on its expanded footprint and pave the way for growth in the UK’s vegetarian food sector.