Management buy-out of aimia foods

PHD ventures combined with the management team of Nichols Foods to acquire the business from Nichols plc.

The total cash onsideration payable on completion of the disposal of Nichols Foods to

Aimia Foods, a Newco, was  £8.13 million.

Nichols Foods is a supplier of hot and cold beverage products to the UK food service,

vending and retail sectors.  A wide range of branded and private label products are

manufactured, packed and supplied from premises in Haydock. Products include

powdered beverages and soups, whiteners, dilutable drinks, single serve sauce sachets,

jams and fruit pie fillings.  In addition, Nichols Foods also provides a range of contract

packing services to other food manufacturing businesses via its Stockpack operation.

PHD ventures co-invested with management and arranged working capital facilities from ge capital.