Buy-Side Commercial and Operational DD for a UK Food Group on a Bulgarian Biscuit Manufacturer
19 March 2026Valeo Foods engaged FSA to conduct Buy-side Commercial and Operational Due Diligence on Prestige 96, a Bulgarian biscuit and wafer manufacturerView Case StudyCommercial and Operational Due Diligence for a UK Private Equity Fund on a Premium UK Bone Broth Brand
21 December 2025Piper Private Equity engaged FSA across both commercial and operational DD to support its investment in Borough Broth, a premium UK bone broth brandView Case StudyGrowth Strategy Development for a Confectionery Manufacturer
1 December 2025A UK-based confectionery manufacturer engaged FSA to assess internal capabilities and the UK and European market landscape, and develop a consolidated growth strategyView Case StudyIndependent Assessment of Management’s Cost-Out and Outsourcing Plan for a PE-Owned Food Manufacturer
21 September 2025A PE-owned food manufacturer engaged FSA to independently assess management’s plan to close two sites and outsource production, ahead of sign-off by the PE ownerView Case StudyCommercial Vendor DD for a Leading UK Private Label Chilled Convenience Foods Manufacturer
21 June 2025Freshpak Chilled Foods, a UK private label manufacturer of chilled convenience foods, engaged FSA to deliver Commercial Vendor Due Diligence ahead of a formal sale processView Case StudyCommercial Buy-Side DD for a Leading Benelux PE Fund on a Belgian Herbs and Spices Manufacturer
21 February 2025A leading Benelux private equity fund engaged FSA to conduct buy-side Commercial DD on The Spice Factory (TSF), a Belgium-based herbs and spices manufacturerView Case StudyUK Retail Growth Strategy for a Salt Manufacturer
9 December 2024A salt manufacturer asked FSA to support to investigate the scale of potential UK retail growthView Case StudyCommercial Strategy Support for a UK Fresh Produce Business
9 December 2024The UK arm of a European fresh produce business asked for our support in defining their future strategic directionView Case StudyInsights on Competitor Landscape and Business Plan for a Leading Plant-Based Business
9 October 2024A European meat-free business asked FSA to support in developing insights into the challenges and opportunities in the meat-free categoryView Case StudyOperational and Commercial Buy-Side DD for a €1B European Ambient Food Company on a UK Ambient Sauces Manufacturer
30 July 2024Paulig engaged FSA to conduct buy-side Operational and Commercial DD on Panesar FoodsView Case StudyCo-manufacturer Screening for a Soft Drinks Brand with Specialised Needs
3 July 2024Co-manufacturer identification and screening for a soft drinks brandView Case StudyInvestment Support on a Novel Technology Start-Up Upcycling Food Side Streams Into Ingredients
12 June 2024Support for a venture capital fund considering investment in a B2B start-up with a novel technologyView Case StudySavoury Snacking Strategy Support for a European Tex Mex Business
18 May 2024Our client, a European Tex Mex player, asked FSA to support in re-setting their Savoury Snacking strategyView Case StudyCommercial Strategy for a Plant-based Brand Exploring Expansion Opportunities into Foodservice
26 December 2023A leading UK plant-based food brand asked us to provide a commercial strategy for entering the foodservice channel.View Case StudyGlobal Brand Positioning & Strategic Roadmap for a Baked Goods Brand
15 December 2023Our client is one of the world’s leading food companies and had recently acquired a fast-growing branded business in baked goods operating in the UK and the US, with ambitions to grow to >$1bn.View Case StudyOperational Due Diligence on Princes, one of the UK’s leading F&B Manufacturers
15 December 2023Food Strategy Associates were asked to provide buy-side Operational DD on behalf of a PE fund looking to acquire one of the UK’s largest food & drink businesses.View Case StudyCommercial Strategy followed by Vendor CDD for a Leading European Active Nutrition Manufacturer
15 November 2023Our Client, a European co-manufacturer of bars and powders for sports nutrition and powdered drinks was looking for support in the validation/development of a 3-year commercial plan and the development of a VCDD report.View Case StudyDeveloping an Acquisition Strategy for a Leading French Plant-based Food Manufacturer
26 August 2023A French, plant-based food manufacturer asked for our help in developing an acquisition strategy including target identification, profiling and screening.View Case StudyGlobal Precision Fermentation Roadmap for One of the World’s Largest Investment Funds
13 August 2023Our client, a world leader in precision fermentation and a large charitable foundation, asked for support in developing a long-term forward roadmap for precision-fermented proteins in food & nutrition.View Case StudyCommercial VDD for Leading Supplier of Plant-based & Niche Ingredients into UK Foodservice
30 July 2023The leading plant-based and niche ingredients wholesaler to the foodservice market, owned by a UK PE fund, asked FSA to provide Commercial Vendor Due Diligence on the company.View Case StudyStrategic Advisory for Major Middle Eastern and African Drink and Dairy Player
15 May 2023Our client, one of the largest drinks and dairy players in Egypt, needed support in the development of their 5-year strategy plan and the creation of a presentation for their parent company, one of the leading branded food producers in the Middle East and Africa.View Case StudyOperational Due Diligence on Freshcut Foods on behalf of Flywheel Partners
24 April 2023A UK private-equity business asked Food Strategy Associates to provide Operational Due Diligence for a leading UK-based prepared vegetable supplier.View Case StudyStrategy for a Well-Known Foodservice and Media Brand to Enter UK Grocery
13 January 2023FSA advised a well-known foodservice and media brand on route-to-market strategy for UK groceryView Case StudyInflation and Sales Study for a Multinational Packaging Company
13 December 2022FSA supported a leading European food packaging company covering several different food categories, to understand the impact of inflation on their categories.View Case StudyOperational Planning for a Desserts Business
21 October 2022Food Strategy Associates were asked to assist a fast-growing desserts business with their future operational strategy.View Case StudyCost of Goods Modelling for Soft Drinks Scale-Up
13 October 2022A small soft drinks player asked us to model the COGS for their canned soft drinks business for different volume thresholdsView Case StudyCommercial & Operational Strategy for a Leading UK Ambient Food Business
18 August 2022Our client, a top 60 UK ambient food business with a large international division, asked us to devise a five-year commercial & operational strategy.View Case StudyMarket and Competitor Intelligence Analysis within Endurance Nutrition for an Investment Fund
13 August 2022Our client, a European Investment Fund, required third party support to understand the European endurance nutrition categoryView Case StudyMarket Research and RTM Strategy for a Novel Plant-based Ingredient Player
4 July 2022Our client is a well-funded start-up planning to manufacture a novel mycoprotein with a wide range of potential applications spanning meat and dairy alternatives, and sports nutrition.View Case StudyUK Retail Market Entry Strategy for a D2C Energy Drinks Brand
7 June 2022Our client is a D2C-focused energy brand selling energy powders primarily in tubs and sachets. Part of the business’ growth plans involve entering physical UK retail with an RTD offering and were looking for support from FSA to advise them on how to do that.View Case StudyOption Analysis for Developing a European Meat Alternatives Co-manufacturing Business
5 June 2022Our client is a leading industrial group involved in the industrial manufacture of animal feed, oleo chemicals, and cereals, now looking to enter the meat alternatives co-manufacturing market in Europe.View Case StudyBuy-side Due Diligence of a Specialist Meat Alternatives Co-manufacturer
5 May 2022Our client is a private equity investor, evaluating a potential investment in a specialist meat alternatives co-manufacturer.View Case StudyInflation Drivers Assessment for a Leading Plastic Packaging Business
4 April 2022Our client, a leading supplier of PET and PP trays and containers to European fresh and frozen food suppliers, asked Food Strategy Associates to review European growth prospects in the context of emerging macro-economic drivers.View Case StudyBuy-side Due Diligence Support on Healthspan Vitamins for Orkla
18 March 2022Our client, a leading European CPG business – Orkla – engaged Food Strategy Associates to complete buy-side due diligence on leading UK Vitamin, Mineral & Supplement business, Healthspan.View Case StudyAcquisition Strategy for a UK Meat Supplier
12 March 2022Our Client, a leading meat player and one of the UK’s largest food companies, engaged FSA to analyse the UK meat market and identify potential targets for acquisition with a strong focus on suppliers to foodservice.View Case StudyBuy-side Due Diligence on Farmison, an e-Commerce Butcher
1 March 2022Our client, a mid-sized private equity firm asked Food Strategy Associates to perform buy-side due diligence on an online UK meat retailer.View Case StudyBuy-side Diligence of a Specialist Meat Alternatives Co-Manufacturer
13 February 2022Situation Our client is a private equity investor, evaluating a potential investment in a specialist meat alternatives co-manufacturer. They asked for our help in assessing the management’s sales and P&L forecast, in particular addressing the scale and likelihood of new customer contract wins, and scope for a broadening of product range What we did Reviewed and analysed documents provided byView Case StudyVendor Due Diligence for Little Moons
21 November 2021A leading, high-growth UK-based ice cream snacking brand asked FSA to provide Commercial and Ops Vendor Due Diligence, as part of a stake sale process.View Case StudyAcquisition Strategy for UK Protein Player
21 October 2021Our Client, a UK protein business asked FSA to assist in developing an acquisition strategy across a 3-5 year period to grow the business and its profitability.View Case StudySelecting a New Plant-based Technology for a Leading Meat Alternative Player
5 October 2021Our client is a European-based food multinational, with a strong domestic market position in plant-based meat alternatives. They asked for Food Strategy Associates’ assistance to identify and adopt a new plant-based food technology.View Case StudyGo To Market Strategy for a Protein Alternative Start-up
1 October 2021Our client, with IP to develop a mycoprotein with a wide range of potential applications, asked for our support with a GTM strategy in N America and Europe.View Case StudyCompetitor Insights for a Major Meat Alternatives Company
10 August 2021As part of a project to redesign the Supply Chain of one of the largest meat-alternative companies in Europe, and a subsidiary of a global multinational, we gathered insights into the Supply Chains of competitors and commented on their current strategy based on what we learned.View Case StudyVendor Due Diligence for Wholebake
29 June 2021The Owners of a leading player in UK healthy snacking co-manufacturing asked FSA to provide Commercial, Strategic and Operational Vendor Due Diligence.View Case StudyEU Operations Expansion for a UK Chilled Desserts Manufacturer
15 March 2021Our client, a leading UK chilled desserts company asked FSA to assist in selecting the optimum country from which to operate a new European facility, and to appoint the third-parties required to deliver it.View Case StudyCapacity Expansion Evaluation for UK Chilled Desserts Manufacturer
15 December 2020Our client, a market leader in the UK chilled desserts category, appointed FSA to evaluate their operational expansion strategy.View Case StudyInternational Market Entry Strategy for a UK Chilled Desserts Manufacturer
15 December 2020Our client, a market leader in the UK chilled desserts category, appointed FSA to advise on market entry strategies for Spain and the USAView Case StudyNorth Africa Juice & Dairy Strategy Advice
15 November 2020The new CEO of a major North African dairy and fruit juice company appointed FSA to assist in a high-level strategy review and in the development of a presentation to his Group.View Case StudyOperations Study for an International Cheese Manufacturer
15 October 2020Our client, an international cheese manufacturer, asked Food Strategy Associates to conduct an Operations Study on one of their subsidiaries, aimed at improving efficiency and profitability.View Case StudyPrivate Label Strategy for a German-based biscuit manufacturer
15 September 2020A major German-based biscuit manufacturer with sales across Europe appointed Food Strategy Associates to help with their private label strategy in Germany and the UK. Their private label business is substantial and they wanted strategic input on improving business performance.View Case StudyOutside-in assessment of a major UK ambient food manufacturer
15 July 2020Our client, a private equity fund, appointed Food Strategy Associates to provide an assessment of a major public UK ambient grocery manufacturer as a potential investment opportunity.View Case StudyVendor Due Diligence of Halo Foods
18 June 2020Situation FSA were asked by Nimbus Private Equity and Laurens Spethmann Holding (LSH), to provide Vendor Due Diligence (Commercial, Strategic and Operational) on Halo Foods Limited, a leading player in UK co-manufacturing, branded and retailer brand healthy snacking. What we did FSA worked with the Owners and Management of the company to develop and evidence a clear and robust investmentView Case StudyEvaluation of novel plant-based ingredient
27 October 2019Evaluated the market potential for a new plant-based ingredient.View Case StudyArivia (Violife) Commercial Due Diligence Support
1 September 2019Food Strategy Associates provided buy-side commercial and operational due diligence.View Case StudyDue Diligence – Baked Goods and Gluten Free Bakery
27 July 2019Food Strategy Associates provided commercial and operational due diligence in our client’s evaluation of baked goods and gluten-free companyView Case StudyInvestment in Amidori
1 April 2019We advised Amidori on a fund-raising process, provided support to the management and prepared key vendor documents.View Case StudyDue Diligence – Biscuits
1 January 2019The target had a portfolio with some of the most recognisable savoury snacks brands in the UK, producing savoury biscuits and bagged snacks. We were appointed by a private equity fund participating in the process to provide commercial and operational due diligence for this carve-out acquisition. We reviewed the VDD and interviewed the consultants who produced the document. We analysedView Case StudyAcquisition of Isla Delice
20 July 2018For Perwyn a Private Equity fund we advised on the acquisition of Isla Delice, a market leader in the French Halal charcuterie marketView Case StudyEvaluation of market regulation in UK confectionery
1 June 2018FSA advised a major US private equity client on a potential confectionery acquisition.View Case StudyStrategy Support for Spice
1 June 2018FSA developed a new strategic framework and brand positioning for a recently acquired ambient grocery business combining the strengths of the original business with the capabilities of the parent to be communicated to all stakeholders.View Case StudyCommercial Due Diligence – Confectionery tray packaging
11 May 2018Our client was a major player in a range of European food packaging markets and considering entry into the manufacturing and supply of specialised confectionery/biscuit trays and asked FSA to investigate a number of European markets and a potential target with a view to acquisition. We undertook a market assessment encompassing market sizing and sub-segmentation, purchase criteria, supply chain economics,View Case StudyDiversification from Fresh Produce
4 April 2018Evaluation of diversification options and market entry strategies for a fresh produce supplierView Case StudyMarket sector entry strategy
1 April 2018Evaluation of the market for food-to-go packaging in Northern Europe. We were engaged by the CEO of a €400m packaging company interested in growing their share of packaging in Northern Europe by going into the Food to Go segment.View Case StudyNorthumbrian Fine Foods
28 February 2018For a UK PE House, we evaluated the potential acquisition of Northumbrian Fine Foods, the UK market leader in gluten-free biscuits.View Case Study- View Case Study
Acquisition of CGL Pack
4 January 2018Faerchplast is a world leader in cPET packaging for ready meals and a major player in PET food-to-go packaging and technologies. The business was considering the acquisition of CGL Pack, a market leader in PET based food packaging in France for use in Food-to-Go and Meat packaging. We were asked to evaluate the potential for CGL and Faerch to growView Case StudyEmergency Fund Raise
1 December 2017Commercial due diligence of a soft drinks producer on behalf of investors considering extending emergency fundingView Case StudyGerman based meat substitutes business
1 December 2017Review of the business operations and strategy for an early stage meat analogue business and recommendation on market and product prioritisation and branding strategyView Case StudyBuy-side due diligence on a world leader in plant-based meat alternatives
19 November 2017We were appointed to conduct buy-side operational and commercial due diligence on a world leader in plant-based meat alternativesView Case StudyCommercial due diligence of Culpitt, part of the DecoPac acquisition
17 July 2017Food Strategy Associates were asked to provide due diligence of the European subsidiary, CulpittView Case StudyStrategy development for a leading Southern European branded food manufacturer
28 April 2017For a Leader in European ambient grocery, evaluation of long term trends across European food markets.View Case StudyAcquisition of Faerch Plast
6 February 2017Advent International is one of the largest and most experienced private equity investors. It was considering an investment to acquire Faerchplast a world leader in cPET packaging for ready meals and a major player in food-to-go packaging. We were asked to evaluate the potential for Faerch to grow in these market segments. We undertook a market assessment, market sizing andView Case StudyOperational strategy for a Southern European biscuit manufacturer
28 January 2017Review of a snackfood business’ factory and logistics operations to identify operational improvements – cost, recipe and quality.View Case StudyCommercial Buy-side due diligence: Seabrooks
17 January 2017Food Strategy Associates were appointed by a private equity firm to conduct buy-side commercial due diligence of Seabrooks crispsView Case StudyCommercial Due Diligence of Grenade
1 January 2017Food Strategy Associates were appointed by a private equity firm to conduct commercial due diligence of Grenade, a high protein bar and performance nutrition manufacturerView Case StudyAcquisition of Addo Foods
1 January 2017UK-based assignment focussed on Addo Foods and its markets of Chilled Savoury Pastry categories including hot and cold pies, sausage rolls, quiches, pasties and slices, and scotch eggs. Our due diligence work focused on market analysis and performance by retailer and was supported by a full customer interview program and extensive scan and panel data analysis. In addition, we undertookView Case StudyEvaluation of Continental Foods
27 December 2016An evaluation of Continental Foods on behalf of a strategic competitor considering an acquisition of the business prior to a sale process.View Case StudyHill Biscuits
6 December 2016For LDC, FSA undertook commercial due diligence of Hill Biscuits and developed an Operational Improvement Plan with management to enhance business performance.View Case StudyEvaluation of Petainer
28 October 2016Buy-side commercial due diligence of Petainer for a PE fund. Focused on beverage reusable and single use bottles and plastic beer kegs.View Case StudySale of LINPAC
28 October 2016We were engaged by the CEO of LINPAC, a multinational food packaging group to prepare a vendor due diligence report on the commercial outlook for the business to support the sale of the companyView Case StudyKolak
28 October 2016Commercial and Operational Due Diligence of Kolak Snacks on behalf of Europe Snacks and Apax FranceView Case StudyMarket opportunities – UK Halal Meat
28 July 2016A review of the market structure of UK halal meat and assessment of market opportunitiesView Case StudyNorth American Market Entry
1 June 2016Market entry strategy for PET trays in North American meat packaging market.View Case StudyVendor due diligence for €150m Term Loan B
28 May 2016We were engaged by the CEO of a major UK based multinational food packaging group to prepare a vendor due diligence report on the commercial outlook for the business to support the issue of a Term Loan as part of a financial restructuring.View Case StudyDorset Village Bakery (Fudges)
1 April 2016Commercial and operational due diligence of Dorset Village Bakery, owner of the premium biscuit brand Thomas J Fudges (Fudges)View Case StudyContinental Bakeries
1 April 2016Food Strategy Associates provided full Commercial and Operational due diligence leading to Goldman Sachs’ acquisition of Continental Bakeries, Europe’s leading Private Label biscuits supplier.View Case StudyFrance, Italy and Poland protein packaging market review and strategy development
1 February 2016We were engaged by the CEO of a €500m UK based food packaging group to support the French subsidiary in understanding the trends impacting its markets, the views of customers on the competitive dynamics in the market and to work with management to develop a strategy for the business.View Case StudyPlastic Packaging Strategy Workshop
1 January 2016Food Strategy Associates were appointed to facilitate a strategy workshop for the management executive team of LINPAC, European plastic packaging manufacturerView Case StudyGrowth strategy for savoury biscuits
1 December 2015Development of a brand and product strategy for a leading UK biscuit company in savoury biscuits segmentsView Case StudyCommercial Vendor Due Diligence, Seabrooks Crisps
27 August 2015For Seabrooks Crisps we provided commercial vendor due diligence and subsequent operations and logistics due diligence to support a sale processView Case StudyStrategy Workshop for an early stage business
28 May 2015The business operates in the juice category and offers a unique branded product range at the premium end of the market.View Case StudyNatural Balanced Foods (Nak’d)
28 April 2015UK Healthy Snacking Market Assessment and Commercial & Operational Due Diligence of Natural Balance FoodsView Case StudyMarlow Foods Ltd (Quorn)
28 January 2015Food Strategy Associates provided an assessment of the global meat-free market and an outside-in assessment of the Quorn business.View Case StudyDuerrs
1 January 2014A commercial and operational review of the business and strategy of the Duerr’s spreads business and evaluation of strategic optionsView Case StudyOperational Due Diligence of Genius gluten-free bread business
1 January 2014Food Strategy Associates provided operational due diligence for Verlinvest on Genius, a gluten-free bread businessView Case StudyHovis
1 January 2014Food Strategy Associates provided operational due diligence to The Gores Group in their acquisition of a majority stake in Hovis, the UK’s leading bread bakerView Case StudyCommercial Due Diligence – Salty Snacks
27 September 2013We provided commercial due diligence support for Verlinvest, a Belgian private equity company and major shareholder in PopChips to support their evaluation of Tyrrells, the UK premium potato crisp manufacturer.View Case StudyBurtons Biscuit Co.
27 September 2013We provided commercial and operational due diligence for a private equity bidder in the Burtons Biscuits sale process.View Case StudyContinental Foods (formerly Campbell Soup Europe)
20 September 2013Food Strategy Associates provided commercial and operational advice to CVC in their acquisition of Continental Foods from Campbell Soup CompanyView Case StudyDisposal Project Management
27 February 2013Project-managed the disposal of the largest division of a public company. Acting for the CEO, led the preparation of VDD reports, data rooms and commercial due diligence reports, managed the process of buy-side Q&A, co-ordinated advisors.View Case StudyPost launch brand assessment
28 January 2013A critique of a brand launch in savoury snacking and recommendation on future strategy.View Case Study
