A management team at sauces and soups manufacturer TSC Foods, led by md Brian Dahl and finance director Bill Morran, has acquired the company from the private equity firm Gourmet Invest.
The products of the £25M-turnover firm, which employs 250 staff at two sites in Scunthorpe, include own-label chilled and frozen sauces, marinades, dressings, chutneys, soups and glazes for retail and foodservice customers.
TSC, which recently opened an innovations centre with North Lindsey College, would be looking to grow in new areas, including sales to manufacturers, said Dahl. "We also see significant opportunities to grow business with existing customers, especially in foodservice."
The value of the buy-out has not been disclosed.