31st May 2022
Specialist food and drink lawyers at Walker Morris have advised the shareholders of UK-based K.T.C Edibles Limited (KTC) on the sale of the business to Endless LLP, a UK-based private equity investor.
KTC is one of the UK’s largest suppliers of edible oils, supplying over 250 million litres a year of high-quality cooking oils to manufacturers, retailers and wholesalers in the UK and globally. As well as edible oils and fats, KTC also supplies a diverse range of canned groceries, condiments and sauces. Family-owned and managed since its incorporation in 1972, the company operates from four sites and employs over 450 people. The group operates through flagship brands KTC, Sea Isle and Suncrest, as well as supplying many own label products.
Richard Naish and Tom Mieszkowski, partners in the Corporate Team at Walker Morris, led the legal advice to KTC’s shareholders with support from lawyers across the firm, including in the following teams: Banking/Finance; Real Estate; Employment; IP; Tax; and Regulatory.
Paresh Mehta, a shareholder and current Managing Director of KTC, will continue to lead the business into its next phase of growth. He commented:
“The sale of KTC to Endless is fantastic news for the business. We are excited by the opportunities presented by the investment from Endless and look forward to continuing our rapid growth and development.
“I would also like to thank the Khera family for creating such a strong legacy and supporting the growth of the company and its employees.”
Richard Naish, Corporate Partner and Head of the Food and Drink Group at Walker Morris added:
“It was a pleasure to support KTC and the selling shareholders and I am sure that the business will continue to grow under new ownership.
“Food and drink is a dynamic and innovative sector and this latest transaction reinforces our own extensive knowledge and reputation in the food and drink sector and reinforces our ability to draw on a multi-disciplinary team of lawyers who are able to provide specialist legal advice to our clients.”
Oghma Partners LLP provided corporate finance advice to the KTC shareholders.