Suttons sold to management team
A Devon-based horticultural company has been bought from its French parent by its management team with the assistance of Torbay Development Authority.
Suttons Consumer Products, which trades as Suttons Seeds, has been acquired by commercial director David Robinson and operations director Rufus Roberts from Limagrain. Robinson will now take over as managing director.
Although Limagrain, a cooperative of farmers, will no longer be a shareholder, it will remain an important trading partner. Former Suttons MD Bernard Bejar will return to Limagrain in France.
Robinson said: "Suttons have plans to launch innovative and new products, for both our faithful as well as new and budding customers, as we continue to focus on both direct to consumer and retail markets. Suttons is an exceptional household brand widely recognised for quality."
Suttons, which includes Carters and Dobies of Devon, will continue to operate from its current facilities in Paignton.
Mark Greaves and Nick Woodmansey of Francis Clark and Duncan Sykes and Adam McKenna of Foot Anstey worked on the deal.
Greaves, corporate finance partner at Francis Clark, said: "This is a critical next step in the evolution of Suttons, returning it to independent, local ownership. The management team is excited by the opportunities and we have been delighted to play a key part in the deal."