Acquisition: Caneda Foods

Crowe’s Corporate Finance team advised the shareholders of The Burden Group on the sale and introduced Caneda Foods as potential purchases.

The Burden Group is a well-diversified UK food distribution business, headquartered at Five Oak Green, Kent, with revenues of £150 million. It has business locations in London, Fareham and Newcastle. Notably, it is the largest business operating in London’s Smithfield Market.

The acquirer, London based Caneda Foods is a long-term buy-and-build investor in the UK food supply market, which is seeking to invest in strong owner-managed companies with compelling growth potential.

Crowe's team and role

Crowe’s Corporate Finance team advised the shareholders of The Burden Group on the sale and introduced Caneda Foods as potential purchases. James Bullock and Tim Turner from Brachers were legal advisors to the shareholders of the Burden Group, while Caneda Foods were advised by Morrison Foerster.

Client quote

"The food market is currently undergoing significant and rapid change, which is increasingly challenging existing business models. We wanted to ensure the company was best placed to deal with these changes and considered Caneda Foods the right home for the long term future of the business and its employees. We were immediately impressed with Crowe and the Corporate Finance team’s industry knowledge and understanding of the issues our business and shareholders face. I have worked for The Burden Group for more than 30 years and am delighted that its future is in good hands.”

Trevor Hussey, CEO of The Burden Food Group

“We are delighted to have completed this acquisition, which is our first. The Burden Group is a strong business with an outstanding reputation and is a great fit with our strategy. We look forward to working with Trevor and his team to grow the business.”

Desmond Doyle, Chief Executive of Caneda Foods