Artisan food group Panicium has acquired black pudding producer The Bury Black Pudding Company (BBP) for an undisclosed sum.
This is the third acquisition for Panicium, with cakes and biscuits producer Margaret Hall and meats and spreads manufacturer Binghams Food being previously acquired by the company in 2018 and 2021 respectively.
Founded by managing director Debbie Pierce, BBP has expanded into a business with an £11.5 million turnover, employing 122 staff and operating from a 25,400 sq. ft factory in Bury. Pierce and production director Richard Morris will remain in their roles and join the Panicium senior management team following the acquisition.
Graham Norfolk, one of Panicium’s founding directors, said it remains “business as usual” for BBP and its workforce, adding that the group would invest to “further grow the newly-acquired company” and build on its “strong foundations” by introducing product ranges, increasing its market share and expanding and developing customer relationships.
Pierce said: “Having steadily grown our sales and developed new business, Richard and I decided that it was time to start the next phase of business growth through becoming part of a group that is committed to the quality of its products and maintaining the family values of which we are so proud.
“BBP is poised for step-change growth and will benefit from investment and market extension available through the Panicium group.”
Norfolk stated: “The Bury Black Pudding Company makes artisan, high quality, delicious products with a distinctive brand, and complements Panicium’s strategy of acquiring companies in the UK artisan food sector to develop a portfolio of brands characterised by their handmade, high quality nature with a distinctly regional identity.”
