The Compleat Food Group Expands its Culinary Empire
While the exact financial terms of the deal have been shrouded in secrecy, the implications of this acquisition are nothing short of monumental. The convergence of The Compleat Food Group, known for its unwavering commitment to culinary excellence and innovation, with two industry titans, SK Foods and Zorba Food, is set to elevate the world of food to new heights.
With a combined annual turnover exceeding an impressive £160 million and a formidable workforce of more than 1,150 dedicated employees, SK Foods, a renowned chilled party food manufacturer, and Zorba Food, a distinguished deli fillings producer, have firmly established themselves as culinary powerhouses in their respective niches.
The completion of this acquisition is poised to significantly augment The Compleat Food Group’s existing turnover, propelling it well beyond the £900 million mark. Furthermore, the group’s workforce is expected to swell to nearly 5,000 highly skilled individuals.
The chief executive at The Compleat Food Group could hardly contain their enthusiasm about this strategic amalgamation, stating that they are not merely excited; they are exhilarated about these two extraordinary additions and the profound transformation they bring to their group.
Both SK Foods and Zorba Food boast rich legacies in their respective categories, having consistently produced exquisite culinary creations that have captured the hearts of food enthusiasts worldwide.
What’s more, their pledge to preserve and enhance the illustrious histories of these two companies is evident in their plan to infuse both entities with substantial investments, thereby extending their capabilities and fostering an environment conducive to continuous innovation and culinary inspiration.
This acquisition follows a series of strategic manoeuvres executed by The Compleat Food Group, further underscoring its dedication to diversifying and expanding its culinary portfolio. In the previous year, the group made headlines by acquiring the plant-based cheese maker Palace Culture, marking a significant stride in the burgeoning plant-based food market.
This addition complemented their existing roster of plant-based properties, which includes the acclaimed meat alternatives brand, Squeaky Bean, and the thriving chilled pickles and ferments brand, Vadasz.
Additionally, 2021 witnessed the culinary giant’s acquisition of Crewe-based Wrights Food Group, a distinguished manufacturer renowned for its savoury bakery delights, sumptuous sweet pastries, and delectable ready-made meals.
Speaking on behalf of SK Foods and Zorba Food, their chief executive passionately emphasised their unwavering dedication to real food values, an ethos that has served as the bedrock of their illustrious reputations as category leaders.
They expressed profound excitement about forging a partnership with The Compleat Food Group, a natural ally who not only shares their values but also possesses the vision and resources required to fuel innovation and drive growth within their respective sectors, while simultaneously enhancing the experience of valued partners.
News of The Compleat Food Group’s latest acquisitions comes hot on the heels of their recent appointment of a new chief financial officer, signalling their unwavering determination to chart an ambitious course into the future and navigate the ever-evolving culinary landscape with finesse.
SK Foods, tracing its origins back to 1987, has flourished into an industry giant headquartered in Teesside. This culinary juggernaut boasts a workforce of over 770 skilled individuals and has earned a well-deserved reputation for producing high-quality, globally inspired party foods. Their offerings span a diverse spectrum of cuisines, encompassing Indian, Oriental, Tex Mex, Mediterranean, and Traditional British favourites.
In a remarkable feat, SK Foods has consistently captured approximately 40% of the private label party foods market outside of the Christmas season, solidifying its position as an indispensable cornerstone of The Entrepreneurial Food Group since 1999.
Zorba Food, with its origins dating back to 1976, has carved a unique niche for itself in the South Wales region. Nestled in Gwent, the company has seen its workforce grow to nearly 380 skilled individuals at its sprawling facility.
What’s more, its journey began with the creation of authentic Greek houmous, and over the years, it expanded its offerings to encompass a diverse range of Greek, Traditional, Tex Mex, and Asian-inspired dips, sauces, and soups.
These offerings cater to both retail and foodservice sectors, making Zorba Food a versatile player in the culinary arena. Impressively, it holds a substantial 25% share of the private label dips market and became an integral part of The Entrepreneurial Food Group in 2003.
In conclusion, The Compleat Food Group’s acquisition of SK Foods and Zorba Food represents a seismic shift in the culinary landscape, one that promises to tantalise taste buds and ignite culinary passions worldwide.
With a shared commitment to excellence, innovation, and a profound appreciation for authentic food values, this strategic merger is poised to usher in a new era of culinary creativity and gastronomic delight.
As The Compleat Food Group continues to expand its culinary empire, food enthusiasts can eagerly anticipate a smorgasbord of mouthwatering innovations that promise to redefine the art of gastronomy. Stay tuned for an epicurean journey like no other, guided by the culinary visionaries of our time.
News Credits: The Compleat Food Group completes duo of acquisitions
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