The subsidiary of Zeelandia, which is a part of global food ingredients manufacturer Royal Zeelandia Group, was advised by MHA’s corporate finance team.
The accountancy group’s advisory team was led by Carruthers, alongside Rob Holgate, corporate finance assistant manager, and Colin Abrahams, tax partner at the firm.
Through the acquisition, the production of fruit fillings, dried fruit processing, mincemeat, date paste, and macaroon paste will continue at John Morely’s Congleton site.
In turn, 50 jobs will be saved from the group that was founded in 1958, while Zeelandia will expand its UK offering in the industrial, craft, wholesale, and in-store bakery sectors.
Simon Carruthers, corporate finance director at MHA, said: “This is a fantastic outcome for both parties as John Morley will benefit from the fresh investment and expertise that comes with being part of a global brand, protecting manufacturing jobs in Cheshire.
“Meanwhile, the acquisition further strengthens Zeelandia’s established position in the European market for bakery ingredients with operations in over 20 countries and sales in around 100 countries.”