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Dutch food group Zwanenberg Food buys stake in Westlers Foods
11:51am Tuesday 3rd December 2013 in News
MALTON Foods has sold a majority stake in the business to Dutch food group Zwanenberg Food.
Zwanenberg Food UK has bought the stake in Malton Foods, which trades as Westlers Foods.
The business, based in Amotherby, turns over £25 million through the production of hot dogs, hamburgers, ready meals and Mexican snacks.
Malton Foods was established in December 2010 after its management bought Westlers Ltd out of administration.
The business was toppled by a £15 million deficit in its defined benefit pension scheme.
It was bought by a newly-created company, registered as With Comb Limited, backed by funding from private equity firm RCapital Partners LLP.
The new company continued to trade as Westler Foods and continued all the business’ operations.
Westler Foods produces canned and pouched food products under brands, including Westlers, Multi Menu, Tyne, BigMex and Chesswood.
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