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74 DEALMAKERS


HOTPLATE MAKER IS HUNGRY FOR MORE GROWTH


Hotplate manufacturer Sugden has acquired the intellectual property of Netherlands- based Vanderpol Waffle Systems for an undisclosed sum.


 Den Boer and part of AMF Bakery Systems  production lines.


Sugden designs custom hotplate plants used for the mass production of pancakes, English 


The acquisition will now allow the Nelson-based company to manufacture, supply and install  Vanderpol range.


The deal is also expected to create more jobs at the Sugden’s 35,000sq ft state-of-the-art production facility in East Lancashire, where the systems will be produced.


Sugden is now looking to build on growth over  double in size, with turnover reaching £5.5m over 2019-20. The business currently employs 38 staff.


The business was founded in 1973 and was bought by Baldwin Engineering Holdings at the end of 2014.


Its sales team spent the next few years travelling the world expanding the business and formed a partnership with AMF to deliver 


Sugden managing director Chris Baldwin says   portfolio and open up new opportunities.


This deal


strengthens both our product range and our market position


He said “it is a fantastic product” and that the deal added “real value” to the company, through the knowledge, designs and reputation of Vanderpol.


Chris added: “This strengthens our product range and market position and ensures growth and security throughout the business.”


He said the acquisition had been two years in Chris Baldwin


the making overall, as the business looked to negotiate the right deal.


AMF Bakery Systems Europe vice president Vincent Langelaar hailed the “strong and successful history” forged between the two companies.


He said: “Through this relationship, we have recognised that Sugden can bring tremendous  griddle product line.


“We look forward to fully supporting this transition and continuing to partner with them to serve common customer projects in the future.”


SOLVING BUSINESS OBJECTIVES


forbessolicitors.co.uk 0333 207 1130 


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