UK - LDC backs £17m MBO of Cranswick Pet & Aquatics
LDC has agreed to support the £17m management buyout of bird and fish food supplier Cranswick Pet & Aquatics from listed food producer Cranswick plc.
The company consists of two trading divisions: Cranswick Pet Products (CPP), which manufactures and supplies wild bird food products and accessories; and Tropical Marine Centre (TMC), which supplies tropical marine fish food and various aquatic products.
The deal will provide the company with the capital required to support the growth of CPP and TMC, in terms of new products, new channels to market, and developing the export marker further. Management will be led by Derek Black, chief executive of of Cranswick Pet & Aquatics, and Paul West, managing director of TMC.
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