LDC has successfully exited its investment in Hill Biscuits, selling to Cerealto UK, which is expected to enhance the biscuit manufacturer's growth and operational capabilities.

Information on the Target

Hill Biscuits, established in 1855 by Sarah and John Hill, began as a small family-run shop and has since evolved into a notable player in the UK's biscuit manufacturing sector. In 1893, the company expanded its operations by relocating to Tudno Mill in Ashton-under-Lyne, Manchester, which remains its manufacturing base to this day. Over the years, the business has transformed into one of the largest and most well-established biscuit producers in the UK, producing hundreds of millions of biscuits annually and serving an extensive customer base that includes retail, wholesale, and foodservice markets.

Industry Overview in the UK

The UK biscuit market has demonstrated remarkable resilience and growth, with increasing consumer demand for both traditional and innovative biscuit products. The industry has evolved to align with changing consumer preferences, including the rise in demand for healthier snacking options and plant-based ingredients. Additionally, advancements in technology have allowed manufacturers to enhance production efficiencies, catering to the diverse needs of retailers and consumers alike.

As one of the key sectors within the UK food and beverage landscape, the biscuit industry has benefited from a robust supply chain and a strong emphasis on product quality. The market is characterized by a mix of establi