H2-backed Hancocks picks up JTS

The purchase will enable Hancocks to widen its customer and product bases, as well as expand its direct distribution activities.

H2 acquired Hancocks in November 2012, supporting the company's management buyout.

Company
West Midlands-based JTS was founded in 1991 by John Stimpson. The company, which supplies confectionery products throughout the UK, generates annual sales of more than £20m. As well as producing its own range of sweets, it also imports confectionery from around the world, and sells into supermarkets, discount stores and wholesalers.

Following the transaction, Hancocks' combined sales will be around £140m. Hancocks sells own-brand, exclusive products and brand confectionery through a national cash-and-carry network, direct distribution and an e-commerce channel.

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• Topics
• UK / Ireland
• Portfolio management
• Consumer
• H2 Equity Partners
• United Kingdom