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Blackstone vies for stake in Tangerine
11 May 2011: Blackstone is keen to acquire stake owned by investors Growth Capital Partners in UK based Tangerine Confectionery.
The major shareholders in Tangerine are the management with 54 per cent of the company. Growth Capital Partners own 41 per cent, while Toms, the Danish chocolate manufacturer, hold the balance of 5 per cent. Tangerine has been scouting for a new partner with the financial capability to support its ambitious growth plans. It has two factories Blackpool, in addition to manufacturing facilities in Pontefract, York, Cleckheaton, Liverpool and Poole plus a distribution centre at Holmewood, Derbyshire.
Source: Foodnavigator