Julienne Bruno went into management earlier successful November, according to Interpath Advisory.
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The Compleat Food Group has expanded its dairy-free portfolio pinch nan acquisition of nan Julienne Bruno marque aft nan UK start-up went into administration.
Sam Birchall and Howard Smith from Interpath Advisory were appointed associated administrators to Julienne Bruno connected 11 November, nan agency said successful a connection posted connected its website.
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The Compleat Food Group past stepped successful to bargain “certain assets” of Julienne Bruno, Interpath said, though noting that 14 labor person been made redundant.
Julienne Bruno joins nan Palace Culture dairy-free marque acquired successful 2023 by The Compleat Food Group, which was formed successful 2021 erstwhile private-equity proprietor – Paris-headquartered PAI Partners – merged nan UK portfolio companies Winterbotham Darby and Addo Food Group.
Last year, the acquisitive business added Harvey & Brockless to its portfolio, a shaper of cheeses, charcuterie, olives and deli products. The Julienne Bruno marque has been bought by nan aforesaid subsidiary.
A spokesperson for The Compleat Food Group said successful a little statement: “Harvey & Brockless has acquired nan assets of Julienne Bruno and is committed to ensuring nan continuation of its much-loved plant-based products.
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“We are presently relocating nan accumulation assets to our installation successful Evesham, Worcestershire, pinch readiness expected to resume successful nan caller year.”
Interpath suggested that Julienne Bruno, group up successful 2020, was struggling to move a profit.
“With further finance required to scope capable standard to alteration profitability, nan institution precocious embarked connected an workout to research nan waste and finance options available,” Interpath added.
“Unfortunately, contempt a competitory process pinch a number of parties showing liking successful nan brand, a solvent result could not beryllium found, and arsenic a result, nan institution was placed into administration.”
Based successful Ruislip connected nan outskirts of London, Julienne Bruno produced dairy-free spreads and cottage cheese. It was registered successful 2020 nether institution head Axel Katalan Nasi, according to a filing pinch Companies House.
Stockists included Tesco stores successful Ireland, Ocado, Whole Foods Market, The Co-op, Planet Organic and Harrods, according to nan company’s website. It besides supplied prime foodservice outlets, chiefly successful London.
Tom Swiers, caput of nutrient and portion for Interpath, said: “Since its launch, Julienne Bruno had developed a awesome estimation for its innovative and high-quality plant-based products. We’re pleased to person achieved this waste which will alteration nan marque to proceed nether caller ownership and present to its customers.”
Meanwhile, since nan acquisitions of Harvey & Brockless and Palace Culture, The Compleat Food Group has bought different assets. During nan summer, backstage explanation food-to-go supplier Freshpak was added to nan portfolio. And earlier successful nan year, it snapped up The Real Yorkshire Pudding Co.
Before embarking connected M&A, nan statement up nether Addo Food included nan Pork Farms, Wall’s and Bowyer’s pies and pork pastry brands. And olives and antipasti pinch Winterbotham Darby, including nan Squeaky Bean vegan statement of meat-free products.
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