August 28 2014 Latest news:
Wednesday, July 16, 2014
North Norfolk firm Anglia Maltings has bought North Yorkshire-based food and cereals manufacturer Micronized Food Products (MFP) in an undisclosed deal from owners SCB Holdings.
Led by Colin Miller, managing director, MFP, based in Northallerton, has built up a £12m business manufacturing ingredients for the brewing industry, and processed cereals and pulses for animal feed and petfood manufacturers.
David Thompson, chief executive of Anglia Maltings, an EDP Top 100 firm which owns Crisp Maltings based in Great Ryburgh, near Fakenham, said: “There are excellent opportunities for MFP through the overlap with Crisp Maltings and Edme, and we will be using that to build the services and products we offer to customers. Northallerton will also provide a valuable location to serve Crisp’s existing craft brewer customers in the area.”
A Norwich-based business which started as a “man with a van” operation is eyeing further expansion after seeing its predicted turnover increase from £6,000 to £340,000 within five years.