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Trigon Snacks bought out by Natco

Trigon Snacks bought out by Natco

Trigon Snacks, which manufactures Big D, Planters and Passion Shed, has been bought out of administration thanks to a last ditch sale to Choithram & Sons, the owner of Natco Foods.

According to Duff and Phelps, which had been drafted in to manage the administration process, the deal has saved up to 110 jobs at the firm, which is based in Aintree.

One of the administrators, David Whitehouse, said: "This sale sees the continuation of a well-established and recognised brand and business.

"It is a great result for the business' 110 strong workforce, who I would like to thank for their support over the last few difficult weeks."

Trigon Snacks, which also imports supplies for many of the own-brand nuts sold in UK supermarkets, recorded annual sales of £30 million for last year.

The company is capable of processing around 6,500 tonnes of nuts every year, and is well-accustomed to many areas of the snack making process, including nut coating and dry roasting.

The firm has also managed to develop a range of packaging formats, such as resealable packs and flow wrapping.

It entered administration on September 10th after it claimed to be suffering from cashflow problems, setting off a race to try and save the business, although 64 jobs were subsequently lost.

Last week saw the involvement of the trade union, Unite, which appealed to the government's Department for Business, Innovation and Skills to broker a deal for bank RBS to help fund a rescue package.

That request came amid a mooted deal from Intersnack, which currently operates in both the UK and overseas. The union claimed that any such takeover would risk breaking up Trigon.

It is not clear how much the deal from Natco is worth, but there appears to be a great deal of optimism.

Natco is known as a supplier of ethnic foods, specialising in herbs and spices, as well as pappadoms, snacks, pickles, rice, nuts and seeds, which it offers to retailers across the UK.

 

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