TSC Foods cooks up MBO

TSC Foods has been sold in a £24 million management buy-out backed by the Leeds office of private equity firm Key Capital Partners and Yorkshire Bank.


TSC Foods has been sold in a £24 million management buy-out backed by the Leeds office of private equity firm Key Capital Partners and Yorkshire Bank.

TSC Foods has been sold in a £24 million management buy-out backed by the Leeds office of private equity firm Key Capital Partners and Yorkshire Bank.

Scunthorpe-based TSC produces chilled and frozen sauces, soups, entrées and dressings. In 2008, the company developed the Glorious! soup range, which is endorsed by celebrity chef Marco Pierre White.

Jonathan Skofic, a former executive at Cott Beverages, has been appointed managing director. Skofic said: ‘The existing management team has done a tremendous job in driving TSC to its current, market-leading position. With the support of KCP and Yorkshire Bank, we now have the additional operational and financial support required to move to the next level.’

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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