By John Smith • Published: 23 Apr 2021 • 16:03
Made in Wales Credit: Wild Trail
The highly successful Hut Group has announced that it will take over food manufacturer Brighter Foods from Real Good Food, paying £43 million (€47 million).
The market for this type of nutritional bar is growing considerably which might explain why Hut are paying a 12-x multiple of turnover for the Welsh company that produces the Wild Trail range of vegan options as well.
In a tweet, Hut Group said that it expects to create more than 100 new jobs in Wales and to continue to support British manufacturing wherever possible.
Completion of the sale is expected by the end of May.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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