UK-based specialist ingredient business, Good Food Wines Limited (GFW), has been sold to Kiril Mischeff Limited, a UK food and ingredient importer and supplier to the food and beverage industry.
GFW is a supplier of alcohol, vinegars, and condiments to the food and beverage manufacturing industries in the UK. Its customer base comprises numerous ‘blue-chip’ manufacturers and reputable names in the food and beverage industry.
The acquisition of GFW will enable Kiril Mischeff to capitalise on significant revenue synergies, thanks to the complementary product portfolio of GFW. The current management team comprising Mike Yates and Stuart Medcalf will continue to lead the business and all current staff will remain at the firm following the acquisition. The business will continue to trade as Good Food Wines Limited.
Oghma Partners acted as the exclusive financial advisor to the shareholders of GFW.
Mark Lynch, partner at Oghma Partners, said: “It was a real joy to work with the GFW and Kiril Mischeff teams and to have reached a successful conclusion to the discussions. This is our third completed food & beverage transaction in 2023 and marks our twenty second deal in the food ingredients sub-sector in Europe which makes Oghma Partners the most active M&A advisor in this sub-sector of the food industry.”