Management Buy In of R & R Tofu Limited
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KBS Corporate has advised on the Management Buy In of R & R Tofu Limited, a Yorkshire-based manufacturer and supplier of organic tofu under the ‘Clear Spot’ brand name.
The company distributes a wide range of tofu products to retail outlets via a network of wholesalers, as well as supplying bulk catering supplies to schools, cruise liners and other catering outlets. The business counts Abel and Cole, Suma and Goodness Foods amongst its well established client base.
The acquirer, David Knibbs, was one of 6 buyers identified by KBS Corporate and saw R & R Tofu as an excellent opportunity to break back into the food industry as part of an already established and reputable brand. Mr Knibbs intends to continue to operate the business from its current Malton premises.
Matthew Sibley, Deal Executive at KBS Corporate managed the deal through to completion and commented that the transaction was quick and smooth, helped by the excellent relationship he retained with both the buyer and seller.