Northumbrian Fine Foods is a manufacturer of gluten-free and gluten plus biscuits based in NE England and are UK market leader in the production of gluten-free biscuits. We undertook commercial and operational due diligence of the target.
We assessed the market growth in Europe and the UK based on an analysis of market data. We met with management and visited the manufacturing facilities. We undertook a technical assessment of the facilities including a risk review of the gluten-free operational procedures.
We interviewed industry participants to evaluate the competitive strengths of the business and the propensity for competitors to enter the gluten-free market.
The business was ultimately acquired by another bidder