Oghma Partners advises on acquisition of Windyridge Cheese Ltd
Oghma Partners LLP is pleased to announce its role as M&A advisor in relation to the acquisition of Windyridge Cheese Ltd. Windyridge Cheese is a Somerset based manufacturer of blended cheeses. The business has been successfully developed over a number of years by the current owners producing iconic blended cheese products such as ‘Afterburn’ , ‘Jalapeno Jack’ and ‘ Whisky and Ginger’. Mel Smith the former Managing Director of Windyridge will remain with the company in a consultancy role and day to day management will be taken over by Steve Molloy formerly Head of Operations at Ilchester Cheese Ltd. Steve is also Chairman of the acquiring company which is backed by private investor money.
The market for blended cheese represents an exciting opportunity for growth with sales at retail value of £200mn for cheese with additives and CAGR of 13% 2006-2009*. Steve Molloy commenting on the transaction stated, ‘We are very excited and pleased to be able to build on the hard work of Mel Smith and her team at Windyridge and believe that with Mel’s continued help and the introduction of additional resources that Windyridge will be well placed to work with its clients to exploit the opportunities in this growth segment of the cheese market.’
Please click here to see the attached press release for further information.