Zertus UK’s Acquisition of The Sun Valley Nut Company

In UK DAC Beachcroft, Freeths, advised on the matter.

DAC Beachcroft advised The Sun Valley Nut Company with a team including Paul Ellaby (Corporate M&A).

Freeths advised Zertus UK with a team including James Cowell (Picture – Corporate M&A).

Zertus UK acquired The Sun Valley Nut Company “Sun Valley” from the Hacking family, who founded the business in 1949, led by James Hacking.

The acquisition positions Zertus at the forefront of the snacking and confectionery industry, by building on its already substantial portfolio of customer branded ranges for the UK’s leading retailers. The acquisition complements its successful brand portfolio including: NOMO, the UK’s number one free-from chocolate brand; Baileys Chocolates, premium chocolates in partnership with Diageo; The Fruit Factory, kids snacking brand; and Forest of Hope, the recently launched kids fair trade chocolate brand; and Kinnerton Confectionery and Lir Chocolates.

Sun Valley is a supplier of high-quality peanut and nut based snacking products through the private label, food service and food ingredients channels. Sun Valley supply nuts, peanut butters and crisps under its own ‘The Sun Valley Nut Co’ and ‘Nuts For’ brands, which compliments the capabilities and expertise within the existing Zertus Snacking and Chocolate Market Unit.

Sun Valley has three well invested operational facilities spread across two sites based in Bromborough, Wirral, which Zertus will take over operations for, with production of Sun Valley to continue on-site.

Zertus were advised by MDBAS (Corporate Finance and lead advisor), led by Mark Devine, PWC (Financial Due Diligence), led by Joel Smith supported by Ben Ferguson, Freeth’s (Legal), led by James Cowell (Picture) and Emily Settle, and LEK (Commercial Due Diligence), led by Dominic Miles. Sun Valley were advised by Hurst Corporate Finance (Corporate Finance, Tax & lead advisor), led by Ben Bradley supported by James Thompson, and DAC Beachcroft (Legal), led by Paul Ellaby supported by Max Ankers.

Involved fees earner: Paul Ellaby – DAC Beachcroft; James Cowell – Freeths; Emily Settle – Freeths;

Law Firms: DAC Beachcroft; Freeths;

Clients: The Sun Valley Nut Company; Zertus UK;

Author: Giulia Di Palma