Forthglade sells 80 per cent stake


Forthglade sells 80 per cent stake

Piper Equity is set to sell its stake in dog food specialist Forthglade as IK Investment Partners prepare to acquire an 80 per cent holding. The business which sells its premium products direct to consumers as well as via retailers achieved sales of £20 million for Septembr 2019, generating a £675k pre-tax profit. Joint managing directors Gerard Lovell and Chris Brooking will also be investing in the business going forward. Mid-Devon based Forthglade employs 130 staff.

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