Gateley Plc advised the seller of Bonds Confectionery Limited, Philip Courtenay-Luck on the sale to Innovative Bites Limited, in a multi-million pound deal. Bonds of London, was founded in 1895 and supplies a portfolio of 450 different products to multiple and independent retailers including: The Co-operative Group, Spar, Wilko and Poundland.
Innovative Bites Limited are one of the UK’s leading suppliers of American foods with exclusive brands including Hostess Twinkies, Boylan, Warheads, Cookie Dough Bites and MOM cereal brands. Innovative Bites Limited said it expected the combined 2016 turnover of the two companies to exceed £50 million.
The deal was led from the Nottingham office by Corporate partner Mark Rutherford, supported by Corporate senior associate Victoria Elliott and Corporate solicitor, Zum Mohammed.
Commenting on the deal Mark Rutherford said: “We were delighted to advise Philip Courtenay-Luck of Bonds Confectionery Limited on the sale to Innovative Bites Limited. The deal was particularly interesting and we wish Bonds Confectionery Limited continued success under its new ownership.”