Hill Biscuits has been acquired by the UK arm of Spanish food manufacturing giant Cerealto for an undisclosed sum.
Hill makes biscuits, including custard creams, fig rolls and bourbons, at its Tudno Mill headquarters in Ashton-under-Lyne, Lancashire, where it has operated since 1893. In addition to its own branded products, the business supplies private label lines to discounters in the UK and Europe.
The firm underwent an LDC-backed management buyout in 2017 from the Bennett family. Since then, Hill’s revenue has doubled to £40m.
Meanwhile, Ceralto is a leading own-label specialist that makes biscuits, pasta, snacks, and breakfast cereals.
Hill Biscuits CEO Frank Bird commented: “This acquisition marks a pivotal moment in our journey to become the leading provider of everyday essential biscuits.”
He added: “I want to extend my gratitude to LDC. With their support, we have built a dedicated leadership team that has significantly grown our business. LDC has provided us with the confidence and resources to develop, invest, and innovate. Over the past seven years, we have made notable strides in enhancing our processes and products.
“Now, as we approach our 170th anniversary next year, we’re looking forward to partnering with Cerealto UK, and are poised to accelerate growth and innovation even further.”
