Oghma Partners advises Paulig on Panesar Foods acquisition

Oghma Partners has announced that it acted as financial advisor to Paulig Ltd, on the acquisition of Panesar Food Limited, for an undisclosed amount.

The deal marks Oghma Partners’ ninth transaction of the year.

Panesar Foods is a family-owned company based in Tipton, West Midlands, United Kingdom, where it has three production facilities.

Founded in 1992, the company manufactures sauces, salsas and condiments for the speciality whole foods sector in the UK and international markets.

The company has a turnover of €70m (£58.43m) (fiscal year 2023) and 308 employees, who will all continue working as new members of Paulig.

Founded in 1876, Paulig is an international food and beverage company, producing products across Tex Mex, snacks, coffees, world foods and spices.

The company owns the brands Paulig, Santa Maria, Risenta, Poco Loco and Zanuy and also manufactures products for its private label and industry customers.

In 2023, the company’s sales amounted to €1.2bn (£1bn). Paulig is 100% owned by the Paulig family, with over 2,200 employees in 13 different countries.

CEO of Paulig, Rolf Ladau, said: “We have collaborated with Panesar Foods for 17 years, and we are very pleased to welcome the company to Paulig. Today, our combined taste expertise and innovation skills unite around a shared ambition: to accelerate our international growth and expand our world foods offerings with sauces, salsas, condiments, marinades, and dips.”

Bill Panesar, CEO of Panesar Foods, added: “We are incredibly proud of our history and the remarkable growth we have achieved since our culinary journey began in 1992. As Panesar Foods becomes part of Paulig, I am confident that our ambitions for international growth will be realised, and the business will continue to thrive. We share a strong commitment to innovation and delivering high-quality, flavourful products, and I look forward to bringing even more delicious products to the market, together.’’