Food & Beverage
Spayne Lindsay & Co. advises on the acquisition of SCI-MX Nutrition by Samworth Brothers.
Spayne Lindsay is delighted to announce that it has advised Samworth Brothers, one of the UK’s leading food manufactures and a fourth generation family business, on its acquisition of SCI-MX Nutrition from its founders.
SCI-MX Nutrition was founded in 2007 in response to a demand for high quality yet affordable sports nutrition products. The brand, based in Gloucestershire, has grown to become the number two sports nutrition brand in the UK and the fastest growing sports nutrition brand in the grocery sector1. The SCI-MX brand includes a range of powder, capsule and convenience sports nutrition products, with SCI-MX PRO2GO Flapjack, the UK’s number one sports nutrition protein bar.
1 Source – Nielsen 52 weeks ended 20th June 2015
Lindsey Pownall – Group Chief Executive of Samworth Brothers
“This is an exciting development for Samworth Brothers, leading us into a new high growth sector. SCI-MX will be supported by the Group’s strong retailer relationships and our proven ability to grow brands.“
Richard Armitage – Group Finance Director of Samworth Brothers
“Spayne Lindsay’s advice and help has been invaluable on this transaction from origination through to execution. We worked closely with Chris Dedman and the team to develop our understanding around the sports nutrition market and through their network they introduced us to Sci-MX. They managed to deliver an ‘off-market’ deal and with their pro-active leadership the execution phase was one of the smoothest we’ve been involved in. I very much look forward to working with them in the future.”