|Vision Capital realises investment in Addo Food Group||April 2017|
Vision Capital today announced that it has realised its investment in Addo Food Group Ltd ("Addo"), the UK's leading chilled savoury pastry manufacturer, in a transaction with Lloyds Development Capital.
Vision Capital acquired Addo in 2007, when it was named Pork Farms Group. Vision Capital invested significantly in the business post-acquisition, developing high quality manufacturing facilities and working closely with management to re-organise operations around high value product lines.
Strong organic growth and the transformational combination with Kerry Foods' £100m chilled savoury pastry business in 2014 enabled Addo to become the UK market leader, doubling in size during the period of Vision Capital's ownership.
Oliver Jones, Vision Capital, said: "Vision Capital is proud of the business we have built in a highly collaborative relationship with Chris and his team. We wish Addo, all its people, and its new investors continued success."
Chris Peters, Group Managing Director of Addo Food Group Ltd, said: "I would like to thank everyone at Vision Capital for being great supporters of Addo, backing the management team as we transformed the business which is now fantastically placed for its next development stage."