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Yorkshire food firm acquired for £1.1bn - 22/07/08
Yorkshire seafood firm Young's has been acquired for £1.1 billion by a British private equity firm.
The firm's parent company Foodvest Group was bought out by Lion Capital, which has previously invested in big brands such as Jimmy Choo, Wagamama and La Senza.
Per Harkjaer, chief executive of Foodvest, said: "Lion Capital's specialist consumer experience will be helpful in taking the business to the next level."
He added that Young's has a "strong track record and solid strategy", which is bolstered by the fact the firm produces good-quality products.
This, Mr Harkjaer said, makes the company an "attractive" food firm, despite the current economic downturn.
Another Yorkshire firm was celebrating this month as its mechanical and electrical suspension tool has been employed to secure the Welsh Assembly-funded Swirl Cone, reports Trade Yorkshire.
Sheffield-based firm Gripple's product of the same name was selected by creator of the sculpture Colin Rose.
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