Livingbridge sells Thomas Fudge's to Burton's Biscuits

Thomas Fudge's has been owned by Livingbridge since 2016, when the GP backed a management buyout of the company from its founders.

Burton's Biscuits, which has been owned by Ontario Teachers' Pension Plan since 2013, said the premium sector is one of the fastest-growing in the biscuit category.

Livingbridge said it had helped to strengthen Thomas Fudge's management team and revamped the brand. Last year, Thomas Fudge's announced an agreement with Unilever to produce Marmite branded biscuits.

Company
Founded in 1916 and headquartered in Stalbridge, Dorset, Fudge's produces premium biscuits and crackers. The firm, which has 150 staff, generated turnover of £10.7m in the 12 months ending on 31 March. Gross profit was £2.3m and it reported an operating loss of £808,073.

People
Livingbridge – Louse Kingston (investment director).
Thomas Fudge's – Emma Davies (CEO).

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