Beringea portfolio company Donatantonio Ltd acquires Compleat Food Network
December 19th 2018
(London, UK) Donatantonio Ltd, a member of Beringea UK’s portfolio, has announced that it will be merging with Compleat Food Network, combining the expertise of two of the UK’s most experienced ingredient sourcing businesses.
With an annual turnover approaching £40m per annum, the new company will offer a comprehensive product range to a larger customer base and is intent on developing exciting opportunities to work with both customers and suppliers on future growth initiatives.
The two management teams will combine as one board, ensuring continuity and consistency across all existing arrangements and future operations. Simon Bell becomes CEO of the new company, with Tim Scarborough as Commercial Director, Manish Mandavia as Finance Director and Liz Pedder as Non-Executive Director.
Simon Bell, CEO, commented: “Our two businesses share a commitment to product quality and customer service, which will continue to be at the heart of everything we do, and we look forward to enhancing our offer to customers and creating new opportunities for our suppliers.”
Tim Scarborough, Commercial Director, added: ”This is an exciting time to be joining forces with a company that shares our ethos and passion, and represents a great opportunity to use our combined strengths to meet diverse customer needs in an ever-changing environment.”
The businesses will continue to operate unchanged in the short term while dedicated project teams look to combine and optimise the new company’s culture and operations over the coming months. Once this has been successfully undertaken, the company will release further details of our exciting plans for the future.