(MENAFN) Bahraini alternative investment manager Investcorp is set to buy UK snacks firm Tyrrells Potato Crisps from Langholm Capital in a USD152 million deal, Arabian Business reported.
Founded at Tyrrells Court Farm, Herefordshire in 2002, Tyrrells is recognised for its hand cooked potato and vegetable crisps as well as snacks, including popcorn and savoury nibbles.
In addition to its distribution channels in the UK, Tyrrells is also present in Germany, France, the Netherlands and North America now accounting for about 20 percent of group turnover.
The company employs 270 people and generates in excess of USD152 million in retail sales value.
Meanwhile, Investcorp reported USD104.9 million net profit in fiscal year 2013 ended in June, compared with USD67.4 million in the previous year.
Fee income at the company, which previously took luxury brands Gucci and Tiffany public, rose 40 percent to USD329.5 million.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.