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AG Thames swallows Produce World fruit subsidiary
HW Corporate Finance is pleased to announce the successful divestment of British & Brazilian Ltd, a £40 million fresh fruit business, to AG Thames Holdings Ltd. HW Corporate Finance, led by partner Richard Hall, acted as lead adviser to the vendor, Cambridgeshire-based Produce World Ltd.
Following a strategic options review by HWCF, it decided to concentrate effort on its core vegetables business, leading to the sale. Richard Hall remarked: “Produce World is an excellent business, with customer service at its core.”
Ian Batkin, finance director of Produce World, commented: “This transaction has allowed us to de-gear the business and positions us well for future focused acquisitions.
“What has been repeatedly noticeable in working with HW Corporate Finance is the high level of genuine partner involvement. It provides a tailored service, allowing management to balance the workload of the transaction with the usual day-to-day pressures of running an international group.”
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