Kepak Group on October 30 announced the acquisition of Summit Foods, a Preston, UK-based company specializing in frozen and chilled convenience foods including the Snacksters range of Big Stack burgers, chicken tenders, nuggets and doner kebab retail offerings.
With annual revenues of £24 million and a team of 200 employees, Summit Foods is a well established player in the Britain’s convenience food sector.
Commenting on the purchase, Brian Farrell (pictured above), chief executive officer of Clonee, County Meath, Ireland-headquartered Kepak, stated: “This aligns with our growth strategy, developing our presence in the UK convenience and out-of-home food channels. Summit’s portfolio of fresher for longer sandwiches, chilled and frozen meals and snacks complements our existing micro snacking offerings and allows us to deepen our presence across these markets.”
Summit Foods will continue to operate from its current base, with no immediate changes to its operations, branding or customer offerings. Its leadership team will remain in place for a six-month period to facilitate a smooth transition.
Kepak plans to leverage its existing distribution network and market expertise to support future growth for Summit Foods. This acquisition strengthens the family-owned company’s position in the UK’s growing food-to-go and micro-snacking market, which is valued at £6.8 billion.
