Bidvest acquires South Lincs Foodservice
Bidvest Foodservice has acquired South Lincs Foodservice, an independently run foodservice supplier based in Sutterton, South Lincolnshire, which supplies a range of over 4500 products to the professional caterer, restaurant, pub, café, retail and hotel trade. BCMS advised the shareholders of South Lincs Foodservice throughout the transaction, which completed in 2012.
“A business needs to be prepared for sale; the cleaner your business is, the more you will get for it” – Robert Spenceley, South Lincs Foodservice
Speaking to BCMS after the transaction, Robert Spenceley of South Lincs offered insights into the sale process: “The business was getting to a stage where it was about to need major investment to take it forward, so we decided to look at all the options. I was surprised how many companies showed an interest in us, not only from our field but from other areas as well.”