The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Woodward's management take stake in business

03 August 2005

Foodservice supplier Woodward has undergone a management buyout.

The fast-growing company was bought by its management team, which have taken a significant equity stake in the business.

Backers include investment groups Baugur Group and Talden.

"Our new independence gives us greater autonomy and the freedom to make quick decisions," said chief executive Ed Hyslop. "Woodward is in an ideal position to grow market share and provide an alternative innovative service to caterers."

The Chester-based business was part of the Big Food Group before being taken over by a consortium of investors earlier this year.

Company turnover has increased from £96m over the past two years and is expected to hit £180m during 2005. Woodward employs 1,100 people at 14 distribution sites in the UK.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking