UK food manufacturer The Compleat Food Group (TCFG) has acquired two food businesses from The Entrepreneurial Food Group for an undisclosed figure.
The two businesses, SK Foods and Zorba Foods, have a combined turnover of over £160 million and approximately 1,150 employees.
Formed in 1987, Teesside-based SK Foods employs over 770 people and specialises in globally inspired party foods. Currently, it holds around 40% of the market share for private label party foods outside of the Christmas period and has been a part of The Entrepreneurial Food Group since 1999.
Zorba Foods, which is based in South Wales, was formed in 1976. It now employs nearly 380 at its site in Gwent, holding around 25% of the private label dips market share and having been a part of The Entrepreneurial Food Group since 2003.
Nick Field, CEO at TCFG, said: “We’re incredibly excited about these two significant additions and what they bring to the group, with both companies having strong heritage in their categories for creating great food that people love. We plan to continue investment in both companies to extend their respective capabilities, allowing us to further innovate and inspire within their categories.
“For The Compleat Food Group, these acquisitions accelerate our commitment to build on our breadth of capability, increase our category leadership position, and deliver more excitement and interest to delight our consumers, driving sustained growth in the sector.”
Jeremy Faulkner, CEO of both SK Foods and Zorba, said: “At the heart of both SK Foods and Zorba is a commitment to real food values. It’s what our reputations have been founded on and why we are able to say that we are category leaders.
“With The Compleat Food Group, we have found a natural partner who not only shares our values, but also the ambition to invest and support us in driving further innovation and growth for our categories and key partners.”
The Compleat Food Group (TCFG) was formed in 2021 and currently employs over 3,800 people across 10 sites, with an annual turnover of more than £0.75 billion. The Group is home to Pork Farms, Wall’s Pastry, unearthed, Vadasz, Squeaky Bean, Wrights and Palace Culture.
