![]() “Joubere is an organisation with food production at its heart and was the perfect choice to take Tillery Valley Foods forward," said Phil Smith, managing director, service operations, Sodexo UK & Ireland. It said the acquisition of Tillery Valley Foods would support and enhance its growth strategy. It manufactures and sells chilled and ambient soups, sauces, stocks and gravies to the retail and foodservice sectors. Joubere, which is backed by mid-market private equity firm Cable Capital Partners, is based in Dorset. Grant Thornton UK LLP’s corporate finance team advised on the transaction, having been appointed by global services group Sodexo to find a buyer for Tillery Valley, which it has owned since 1996. Last year the company, which has the capacity to produce 1.5 million portions per week, won a contract with Transport for London to supply 26 sites on the Underground network. Tillery Valley has its own in-house team of dietitians and offers a nationwide next-day delivery service all year round from its own distribution fleet. It also provides catering services to organisations and high-profile events. Tillery Valley Foods produces and supplies nutritionally balanced meals to more than 120 hospitals and healthcare groups across the UK. It has annual revenues of more than £30m. Emulsifiers, stabilisers, hydrocolloidsįounded in 1984, Tillery Valley Foods employs more than 310 people at its five acre manufacturing site on the Cwmtillery Industrial Estate in Abertillery, South Wales. ![]() Chocolate and confectionery ingredients. ![]()
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