D&G Food buys bakeries

D&G Food Group has acquired five bakery businesses from Dublin-based McCambridge Group Holdings for an undisclosed sum. D&G Food is owned by food entrepreneurs David Fearnley-Brown and Graham March. 


D&G Food Group has acquired five bakery businesses from Dublin-based McCambridge Group Holdings for an undisclosed sum. D&G Food is owned by food entrepreneurs David Fearnley-Brown and Graham March. 

D&G Food Group has acquired five bakery businesses from Dublin-based McCambridge Group Holdings for an undisclosed sum. D&G Food is owned by food entrepreneurs David Fearnley-Brown and Graham March.

The acquired businesses stretch from Derbyshire to the South West and comprise Aldreds the Bakers, WR & SW Hussey, Queen of Hearts (UK), Tredinnick Fine Foods and West of England Bakeries. Between them, the companies employ 200 staff and have a combined turnover of £17 million.

March and Fearnley-Brown commented: ‘We are really excited about this turnaround opportunity and are confident we can return the businesses to profitability within the next three years.’

The deal was backed by asset-based lender Venture Finance. Cyril Ryder, regional manager of Venture Finance, said: ‘D&G Food has an encouraging business plan and the necessary acumen and ambition to make it a success. We were more than glad to provide funding for the deal. The invoice discounting facility will deliver immediate working capital for D&G’s management team during the often-difficult post-acquisition phase, as well as the long-term financial support to drive future growth.’
Other advisers in the deal include law firm DWF LLP and financial advisory firm DTE Corporate Finance.

Nick Britton

Nick Britton

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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