RSM Corporate Finance has advised on the sale of Staffordshire based producer and purveyor of fine foods, Cottage Delight, to the family owned food and farming group, Vestey Holdings.
Cottage Delight specialises in the manufacture and distribution of fine foods including luxury jams, chutneys, biscuits, sauces and a wide range of gifts.
Vestey Holdings has a long history as a provider of quality food products and the group includes Donald Russell and Fine France UK, supplying luxury food products to high end restaurants and directly to consumers.
Ian Latham, Helen Brocklebank and David Baggott from RSM Corporate Finance advised the vendors. Jonathan Tyson of Knights Professional Services acted as legal advisors to the shareholders.
Nigel Cope, the founder of Cottage Delight, said:
’Cottage Delight has grown beyond my wildest dreams since I started out over 40 years ago. We have worked together as a team to develop a strong business with an unwavering focus on the quality of our products and our customer service. I have always been proud of our position as a family business and Vestey – still family owned and controlled after four generations – shares our belief in the importance of a family ethos and quality customer service.’
Ian Latham, corporate finance partner at RSM, said:
'It was vital to Nigel to find the right home for the business that preserved Cottage Delight’s passion for quality and cultural integrity. I am delighted that we have been able to help Cottage Delight to secure the right partner in the form of Vestey to support the business in its continued success.’