Valeo Foods Group has acquired the Mathew Walker Christmas puddings business from 2 Sisters Food Group for £67 million.
Based in Derbyshire, the business is credited as being the world’s oldest Christmas pudding maker.
The deal adds another name to Valeo Foods Group portfolio if 68 international food brands – which includes Jacobs, Rowse and Balconi.
Ranjit Singh, President of 2 Sisters owner Bobaran Holdings, said that the deal “strengthens our balance sheet even further and shows we are following through with our promises by focusing on our key strengths.”
Ronald Kers, CEO of Boparan Holdings, added: “This sale is further good news as we continue at pace with our turnaround plan.
“We remain very much on track to meet our strategic aims of focusing on our core businesses and improving our operational performance.”