Knaresborough- Speciality Powders Holdings Limited (SPHL) has acquired Phoenix Foods based in Corby, Northamptonshire.
The company which processes dry powder food products, and food ingredients acquired Phoenix Foods in an all cash transaction for an undisclosed sum.
Based in Knaresborough North Yorkshire, with operations in Kent and in The Netherlands, SPHL is a privately owned company managed by its main shareholders. The business is the holding company for three manufacturing companies that provide powder processing and production services to household name clients throughout Europe.
The deal will enable Speciality Powders to grow the business into new markets and to provide additional services to existing customers including packing.
SPHL managing director, Mike Kirby, said: This acquisition is part of our strategic growth plan. Phoenix Foods has a reputation for producing quality and innovative products that very much complement our own offering.
The two businesses are a natural fit, offering similar services and the deal will consolidate Speciality Powder’s position as one of the leading powdered food processors.
There is a powerful strategic fit with Speciality Powders and the combined business is well positioned for future success.
Phoenix Foods manufactures a range of powdered drinks and foods from its factory in Corby, Northampton and currently has 100 employees.
The company has enjoyed a strong period of growth over recent years.