The acquisition will increase Lomond’s staff numbers from 104 to 160, with its fleet of dual-temperature delivery vehicles growing from 21 to 40.
Lomond will gain access to Hall’s foodservice customers. The acquisition positioned the company for further growth into the convenience and retail sectors.
Md Sam Henderson said the acquisition was the start of the next chapter in the evolution of the company.
Evolution of the company
“It’s an incredibly exciting time for the business as we announce this acquisition, host our inaugural trade show later this week and celebrate our 20th anniversary.
“Our strategy to grow the business quickly has been realised and the whole team is looking forward to the coming months as we integrate the two businesses.
Fledgling company Cake – Lomond’s bakery business – is ready to take on more orders after moving to a new factory in February, bakery manager Tracey Lindle told Food Manufacture in an exclusive interview.
Henderson assured customers of both business that it would be a seamless transition and that they could expect the same level of customer service they had been used to from Lomond and Hall’s.
Established in 1997, Lomond celebrates its 20th anniversary this year. It mainly supplies premium chilled and frozen products, sourced from local producers, to cafes and sandwich bars.
Supplies premium chilled and frozen products
It owns three food manufacturing companies – bakeries Cake and Vili’s and soup manufacturer Love Soup.
Lomond’s turnover for the year ending December 31 2015 was £15.3M, with an operating profit of £407,022.
The sale of Hall’s to Lomond is the latest in a number of food and drink acquisitions made this year, including the £55M sale of Charles Wells Group’s brewery and Addo Food Group acquired in a deal worth £100M.
Meanwhile, look out for our photogallery of acquisitions made by food and drink firms in the year so far.
- Will boost Lomond’s turnover to more than £30M
- Increase Lomond’s staff to 160 from 104
- Increase Lomond’s fleet of temperature controlled trucks to 40 from 21