Chilled or Frozen Food
Food Strategy Associates provided commercial and technical due diligence enabling a successful acquisition by LDC of Addo Foods, the UK’s leading supplier of Chilled Savoury Pastry products.
UK-based assignment focussed on Addo Foods and its markets of Chilled Savoury Pastry categories including hot and cold pies, sausage rolls, quiches, pasties and slices, and scotch eggs.
Our due diligence work focused on market analysis and performance by retailer and was supported by a full customer interview program and extensive scan and panel data analysis. In addition, we undertook a technical audit of the facilities and processes across the manufacturing sites.
Our work culminated in a full report which was released to prospective lending banks, with whom we conducted a number of Q&A sessions prior to completion of the transaction by LDC