Management buyout at Glendale Foods
Glendale Foods Limited, the Salford based food manufacturing business, has undergone a partial shareholder buyout for an undisclosed sum.
Paul Burkitt, managing director, and Mark Jones, operations director, have assumed full control of Glendale, after the purchase of the remaining shares in the company from founding shareholders John Mortimer, chairman, Gill Mortimer and Pam Mortimer, all of whom exit the business after more than 30 years of managed growth.
John Mortimer, said: “The company is now in a great position with a state of the art production facility and an enviable customer base. I am confident that the company will thrive under the stewardship of Mark and Paul and wish them every success.”
Burkitt added: “This is an exciting period for Glendale and this transaction represents the next phase in our development. Glendale’s success is based on a platform of product innovation, customer relationships and service, working closely with our client base to produce new and exciting products. We look forward to building on the existing customer base to further drive growth and capabilities.”