Paine & Partners invests in Meadow Foods

US-based food and agribusiness investment firm Paine & Partners has made a strategic investment in the Meadow Foods, a UK-based supplier of milk and dairy ingredients.

Financial details of the transaction have not been divulged by either company.

The investment will support Meadow Foods' strategy to grow the business through organic expansion and acquisitions.

Meadow Foods executive chairman Simon Chantler said: “This investment represents a new and exciting phase in the continued development of our business and will open new avenues of opportunity for all of our producer partners, customers and employees.”

The Chantler family will continue to remain a substantial shareholder, and there are no plans to change the executive management or the broad structure of the business and the Pickering family will exit as shareholders in Meadow Foods.

Paine & Partners chairman, CEO and founding partner Dexter Paine said: “In Meadow Foods, we are making a strategic investment in an industry leader that we believe is poised for continued growth.

“Meadow Foods' experienced management team and employees have built a blue-chip customer base with a well-deserved reputation for innovation and reliable delivery of the highest quality products.

“We see opportunities to drive growth both organically by increasing production, enhancing capabilities and expanding into new product lines and markets, and through strategic acquisitions that leverage the company's supply network and customer relationships.

“The two most important assets to a business are its people and reputation, and Meadow Foods is exceptional in both of these areas.”

Paine & Partners primarily focuses on worldwide investments across the food and agribusiness value chain and throughout cycles.