Hotplate firm buys waffle maker IP
Hotplate manufacturer Sugden has acquired the intellectual property of Netherlands-based Vanderpol Waffle Systems for an undisclosed sum.
As well as expanding the Nelson company’s offering, the deal is also expected to create further jobs at its 35,000 sq ft, state of the art production facility where the waffle and funcake systems will be produced.
Vanderpol Waffle Systems, previously owned by AMF Den Boer BV, is part of AMF Bakery Systems Europe BV and manufacturers waffle and funcake production lines for a global client base.
The deal adds to Sugden's product range, which already includes custom hotplate plants used by producers of pancakes, English muffins and crumpets. The manufacture, supply and install of the new range will take place under the Sugden-Vanderpol brand.
Sugden has doubled in size over the last five years, recording £5.5m, turnover in the most recent financial year.
Chris Baldwin, managing director of Sugden, said: "It is a very proud moment to announce this acquisition and be in a position to carry on supporting and supplying market-leading waffle lines under the Sugden-Vanderpol range.
"This strengthens our product range and market position and ensures growth and security throughout the business."
Vincent Langelaar, vice president operations EMEAAP Region at AMF Bakery Systems Europe BV, said: "AMF and Sugden have forged a strong and successful history offering complete English Muffin systems to the global baking industry.
"Through this relationship, we have recognised that Sugden can bring tremendous focus and innovation to the Vanderpol waffle griddle product line, and we look forward to fully supporting this transition and continuing to partner with them to serve common customer projects in the future."
- For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.