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Springvale Foods Ltd, one of the UK’s leading speciality food distributors, has completed a deal to buy Hider Foods’ secondary wholesale business. Springvale, which operates out of its two warehouses in Suffolk, currently supplies over 2,500 independent retailers across the UK.
The integration of Hider Foods’ secondary wholesale business will rapidly increase growth for the family-run business, which was established in 1993. Springvale managing director Darran Goody said the takeover is part of the company’s three-year strategy and is a significant step in enhancing its position in the speciality food industry.
“We’ve invested heavily in our team, IT and operations to support this increased capacity. The whole team is ready; it’s an exciting time for us,” Darran said. “Being the second-generation founding owner, I’m extremely grateful to the Hider Family for what we have achieved together. Not only is it the right thing for the business but also the right time for Hider Foods; it creates an incredible opportunity to expand and grow their existing Hider brand into the Springvale customer base. In that regard, I couldn’t be more pleased with the historical milestone we have achieved today,” he added.
The deal follows Springvale’s recent acquisitions of Mercia Foods and Moordale Foods’ third-party wholesale division. “This further takeover demonstrates our commitment to investing and enhancing our offering to retailers,” Darran said. “Whilst Hider Foods have faced some recent challenges, they have an extraordinary heritage that we want to protect, develop and grow. Springvale Foods have a proven track record for successfully integrating businesses.”
Springvale said that as of Thursday 12th August, all existing Hider Foods customers will be automatically transferred to Springvale Foods. All transactions prior to this date still remain with Hider Foods.
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