Private equity news uk Exponent to Sell Stake in the UKs Sustainable dairy ingredients provider Meadow to Fairfax

Exponent to Sell Stake in the UK’s Sustainable dairy ingredients provider Meadow to Fairfax

Exponent Private Equity to Sell Stake in Meadow to Fairfax Financial

As first reported by food industry specialist FoodManufacturer, Exponent has agreed to sell its stake in Meadow, a UK sustainable dairy and plant-based ingredients provider, to Canada’s Fairfax Financial Holdings.

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The deal, which was announced on August 24, 2023, is expected to close in the fourth quarter of 2023.

Exponent to Sell Stake in the UKs Sustainable dairy ingredients provider Meadow to Fairfax

Image : Meadow

Meadow was founded in 1998 and is headquartered in Chester, UK.

The company supplies sustainable dairy and plant-based ingredients to food manufacturers around the world. Meadow’s customers include some of the world’s leading food brands, such as Quorn Foods and Loch Lomond.

Exponent acquired a significant stake in Meadow in 2018.

The firm has since invested in the company’s growth by expanding its product offerings and geographic reach.

Meadow has also made several acquisitions under Exponent’s ownership, including Nimbus Foods and Naked Foods.

Fairfax Financial is a leading global investment company with over $100 billion in assets under management.

The firm has a long history of investing in sustainable businesses and has a strong track record of success.

The sale of Meadow to Fairfax Financial is a sign of the growing demand for sustainable food ingredients.

The global market for sustainable food ingredients is expected to grow significantly in the coming years, as consumers become more aware of the environmental impact of their food choices

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