Private equity investor, Endless LLP, has announced the acquisition of KTC (Edibles) Limited, one of the UK’s largest suppliers of edible oil, supplying over 250 million litres a year to manufacturers, retailers and wholesalers across the UK and globally.
As well as edible oil and fats, KTC supplies a range of canned groceries, condiments and sauces.
Family-owned and managed since its incorporation in 1972, the company operates from four sites and employs over 450 people. The group operates through flagship brands KTC, Sea Isle and Suncrest, as well as supplying many own label products.
Endless’ say that the acquisition of KTC will provide additional investment for the company’s ambitious growth plans through further development of its operations, range and service offerings.
Paresh Mehta, shareholder and current managing director of KTC, will continue to lead the business into its next phase of growth. He commented: “The sale of KTC to Endless is fantastic news for the business. We are excited by the opportunities presented by the investment from Endless and look forward to continuing our rapid growth and development.”
Oghma Partners, corporate finance advisors, acted as the exclusive financial advisor to the shareholders of UK-based K.T.C. Edibles Limited (KTC) on the sale of the business to Endless LLP.
Tim Owen, partner at Oghma Partners, said: “It has been a real pleasure to be able to work with Paresh, the KTC shareholders and the management team on the sale of the business to Endless. This is a very strong and knowledgeable new owner, and Paresh and the team are in good hands for the next stage of their growth trajectory.”
