Earlier this year, LDC backed the secondary buyout of Addo Food Group, the UK's leading chilled savoury pastry producer.
Headquartered in Nottingham, Addo produces more than 287 million packs of own brand and branded chilled savoury pastry products every year. These are supplied to the major supermarkets and other food retailers across the UK.
The business is responsible for some of the nation’s best-known and most loved brands including Walls savoury pastry and Pork Farms. It also created the 'Too Good to Be' range which consists of gluten-free sweet and savoury pastry products - the first of its kind. Last year it also introduced ‘Tottle’ a range of premium pork pies.
LDC’s investment will support Addo's continued growth strategy, which will include further investment in product innovation, expansion into new markets through organic growth and potential acquisitions in adjacent markets.
Chris Peters, Group Managing Director at Addo Food Group, said: "We are very excited about our partnership with LDC, to help us further unlock the potential we see in the market."
“LDC has really bought into our vision and plan, and the whole Addo management team is looking forward to working with our customers, our employees and our investment partners to deliver the next exciting phase of our growth story over the coming months and years."Backing Business Ambition 2017