
RCapital acquires Westler Food Limited
UK turnaround specialist RCapital has acquired Westler Food Limited after the company entered administration in December 2010.
The company manufactures canned and pouched food products for the retail and food service sectors and was founded in 1960. Although Westler was a profitable business when it entered administration, the company has experienced difficulties due to its defined benefit pension fund deficit of £15m.
RCapital will continue to run the operations with CEO Ian Connell and the deal secures the future of the Westler brands and existing staff.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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