Deal secures the future of Wrights Food Group following 95 years of family ownership
The Compleat Food Group has acquired pie maker Wrights Food Group after nearly 100 years as a family-owned company.
Established in 1926 by Jack and Lizzie Wright, who sold pies to neighbours from their Stoke-on-Trent doorstep, today the Crewe-headquartered company employs almost 600 staff, making savoury products, confectionery and ready meals for the retail and foodservice sectors.
Oghma Partners acted as exclusive financial advisor to the deal.
Under the leadership of Peter Wright, Wrights has grown into one of the UK’s leading manufacturers of frozen savoury pastry, sweet bakery and ready meals to foodservice and retail channels across the UK. It also operates a chain of branded bakery stores in the Northwest.
The Compleat Food Group was formed through the merger of Addo Food Group and Winterbotham Darby in January 2021 in order to become the UK’s no. 1 chilled prepared food company.
The acquisition of Wrights, a specialist in frozen foods, complements The Compleat Food Group’s existing chilled portfolio, significantly expands its customer base and provides it with much greater penetration into the UK’s foodservice markets.
Mark Lynch, Partner at Oghma Partners, said: “We were thrilled to be able to work with Peter and the Wrights management team on the sale of the business to The Compleat Food Group. It was important to Peter to pass the ownership of his business to a purchaser that would build on the legacy which the Wrights family worked so hard to create. This deal is a great example of how Oghma seeks to establish close relationships with clients over time in order to truly understand the exiting shareholder’s goals and wishes, allowing us to achieve the best result for our client on a sale of their business.”
Wrights Food Group chairman Peter Wright: “This business has been built on the foundations of family values, quality and providing the best possible service to our customers. Our merger with the Compleat Group is a decision which we feel builds on the legacy which the Wrights family has worked so hard to create over 96 years.
“Becoming an integral part of a larger group is good news for everyone involved. We are looking forward to a future of further growth and the natural expansion of our much loved and highly valued Wright’s products and brand.”