Northumbrian Fine Foods

Evaluation of



Markets Covered:



For a UK PE House, we evaluated the potential acquisition of Northumbrian Fine Foods, the UK market leader in gluten free biscuits.


Northumbrian Fine Foods is a manufacturer of gluten free and gluten plus biscuits based in NE England and is UK market leader in production of gluten free biscuits.
We undertook commercial and operational due diligence of the target.
We assessed the market growth in Europe and UK based on analysis of market data. We met with management and visited the manufacturing facilities. We undertook a technical assessment of the facilities including a risk review of the gluten free operational procedures.
We interviewed industry participants to evaluate the competitive strengths of the business and the propensity for competitors to enter the gluten free market.
The business was ultimately acquired by another bidder