LDC exits British Salt in £93m trade sale

LDC acquired British Salt in a £100m management buyout from its parent company US Salt Holdings in 2007. It invested £35m for a majority shareholding, with management holding the balance. Debt funding was arranged by the acquisition finance division of Lloyds TSB Corporate Markets and supported by HSBC.

Based in Middlewich, Cheshire, British Salt produces a wide variety of specialist salt products for a range of UK and overseas markets, from food processing and animal seeds to the production of chemicals such as chlorine. It currently produces approximately half of the UK's pure salt, and employs 125 people.

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 Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• UK / Ireland
• Exits
• Consumer
• Trade sale
• LDC