Probably the most
widely used online buyers guide for the UK convenience food industry
and its suppliers
Let your company shine out from the crowd
with a listing and press release package on the ReadyMealsinfo Buyers
HERE for details about promotion packages with ReadyMealsinfo
or email firstname.lastname@example.org.
Science Group Buys Leatherhead Food Research Assets From Administration
Science Group has acquired the operating business and assets, excluding the freehold property, of Leatherhead Food International Limited, the technical consultancy providing scientific research, regulatory advice, market insights, testing and other services to the food and drink industry.
Founded in 1919, Leatherhead provides science-based services to an international customer base of over 500 clients, including major global food manufacturers and major UK retailers. In the year to 31 December 2013, the last filed audited accounts, Leatherhead reported revenue of £8.8 million and a profit before tax of £0.1 million. Leatherhead currently employs approximately 150 staff. Information on Leatherhead can be found at www.leatherheadfood.com.
As a result of a cash flow shortfall and a significant legacy pension scheme deficit, the Board of Leatherhead, with its advisors, conducted a process to find an investment partner. The Science Group was included in this process due to prior contact having been established through the Group’s acquisition activities. As a result, SGL1 Limited, a wholly owned subsidiary of Science Group plc, has now acquired the operating business and assets (excluding the freehold property and free of debt and DB pension liabilities) from the Administrator of Leatherhead, for £1.625 million payable in cash. It is anticipated that SGL1 Limited will be renamed Leatherhead Research Limited.
The acquisition of the Leatherhead business is highly complementary to the Consumer market sector activities of Sagentia (the Science Group’s core science and technology development business) and with Oakland Innovation, acquired in February 2015. Both of these businesses have an established presence with major food and drink companies and Science Group has seen increasing investment from this market sector in science-based services. The acquisition of the Leatherhead business, a very well established brand in the food and drink market, further strengthens the Group’s capabilities in this high profile and exciting industry.
The Leatherhead operations will vacate the current premises and relocate to a new facility in the first half of 2016. This new facility will establish a hub for the Science Group’s operations south of London, complementing the existing Harston, Cambridge facility.
Protein content has been one of the key areas of activity in new product development in the food and drinks industry over the past couple of years, according to Innova market Insights.
Nearly 4% of global launches recorded by Innova Market Insights in the 12 months to the end of June 2015 used a high-in or source-of protein positioning, rising to nearly 8% in the dairy sector and 14% in the yogurt category.
“Dairy products have always had an inherently healthy image and a perception of high protein levels,” reports Lu Ann Williams, Director of Innovation at Innova Market Insights, “so it is a sector that has been able to adapt relatively rapidly to this rising interest in protein, in some cases by simply changing its labeling and/or positioning.”
The US has led this rising interest in protein content, both overall and specifically in the dairy sector. Over 17% of US dairy launches were positioned on their protein content in the 12 months to the end of June 2015, which is well over twice the global average.
It seems Brummies can't get enough of canned produce as it's revealed Birmingham is the Canned Food Capital of the UK, with residents eating more canned food per head than any other city in the UK, consuming a whopping 640,000 cans a day.
The research undertaken by not-for-profit organisation Canned Food UK, has proven that canned food is as popular as ever, with almost a quarter of Brits eating more canned food now than they did 10 years ago.
Over half (58%) of the nation stocks up to 10 cans in their kitchen cupboards at any given time, with three quarters of UK residents citing the speed of preparation as a key benefit.
Commenting on the findings, Jason Hegarty, Chairman of Canned Food UK said: “It's promising to see that half (49%) of Brits are choosing to include canned produce as part of their main meals. Some of our most popular recipes such as our Salmon and Butter Bean Bake and Speedy Coq Au Vin can be made easily with the help of a few canned products, meaning you can make a wholesome meal for the family with minimum effort and cost.
“What's more, as canned food has a long shelf life, it can be kept in the kitchen cupboards and still retain its nutritional value.”
The Canned Food UK survey also revealed: * Brummies eat more canned food per person than any other city in the UK * Birmingham residents eat 265,000kg of canned food a day, the equivalent of 21 double decker buses * The nation's favourite canned food is Baked Beans, followed by tuna and tomatoes * Brits on average eat four cans a week
Canned food is convenient, affordable and simple to cook as part of a healthy, balanced diet and is ideal for people leading busy, hectic lifestyles. As the canning process itself preserves the food, the contents of the can will remain fresh with the nutrients locked in until the can is opened. What's more, both canned fruit and vegetables count towards your 5-A-DAY.