KTC Edibles
Park Place has advised the management team of KTC Edibles on its sale to Whitworths Foods Group. The transaction provides a successful exit for Endless which acquired KTC in 2022 with revenue having grown by over £150m to £500m and profitability more than doubling during their investment period.
KTC is a vertically integrated edible oils and fats platform with an important role in the UK food industry supplying over 370,000 tonnes of oils and fats across all major food channels. The group employs 450 people across its five manufacturing and distribution sites in the UK and Ireland aided by the successful acquisitions of Cardowan, a Scottish specialist margarine manufacturer, and Trilby, an Irish bulk distributor of edible oils.
Originally founded in 1886, Whitworths is the UK’s leading flour milling business. The George family have owned the business since the 1930s and have grown it to over £600 million revenue.
Park Place supported the management team of KTC on their role within the sales process which sees them continue to lead KTC from within the Whitworths group and remain financially invested.
Richard Firth, who led the advice to management, said “KTC has prospered under Paresh Mehta’s leadership with the introduction of a new management team around him and with Endless’ support has made significant capital investment across its manufacturing sites. Paresh has demonstrated his continued commitment to the ongoing success of the business within the Whitworths family of food companies and we look forward to seeing this business continue its growth.”
