Export focus for AFF after deal

Export focus for AFF after deal

Food manufacturer and exporter The Abergavenny Fine Food Co (AFF) has outlined details of its future plans after selling its blended cheese business to Somerdale International, in a deal advised on by The GS Verde Group.

The business said the sale would enable it to focus on expanding and developing its exports and value-added lines.

AFF has been experiencing significant growth in the chilled and frozen dairy sector as well as its plant-based and vegan ranges over the last five years. As part of this growth the AFF have seen a substantial increase in export markets from 8 per cent in 2017 to 20 per cent in 2020.

Managing director Jason Rees said: "The decision to close this chapter has not been taken lightly, but strategically we wanted to focus on more profitable, scalable products to reinforce our growth and future-proof the business.

"We have been partners with Somerdale for many years so passing our blended cheese arm to them made perfect sense and we wish them well as they take the business forward."

AFF will continue to produce its renowned goat's cheese, which was its very first product in 1981.

Greenaway Scott, which is part of the GS Verde group, provided legal advice to Abergavenny Fine Foods. Burges Salmon provided legal advice to Somerdale International.

Article source: INSIDER MEDIA

Testimonials

"GS Verde Accountants have been invaluable during an important and rapid growth phase of our business."

Nick & Jon Bird, Partners, SquareBird

"There are lots of accountancy firms that we could have chosen from to work with however there was a distinct difference in the approach and service level that was offered by GS Verde Accountants."

Kevin Dunn, Director, UKMD Ltd

"They are our finance team; and they are on top of our accounts and our financial strategy. We rely on their expertise to help us drive our business forward and they meet every aspect of our needs"

Mike Stephens, Director, English County Contracts Ltd

"We know that we cannot get a better or more reliable service – we don’t even have to think about it. GS Verde Accountants go beyond the call of duty"

Jonathan Gould, Managing Director, GWorks Ltd

"Worth absolutely every single penny – this is the single best decision we have made in the last year. For every single person we have spoken to at GS Verde Accountants – nothing is too much."

Hannah Kennard, Director, AK Plant Services Limited

"I feel valued as a client. I get rapid responses to any emails or calls; and I must say the GS Verde Accountants team are brilliant. I already feel freer to concentrate on setting the strategic direction for the business"

Mark Burland, Director, First Class Comms Ltd t/a FCC