PMSI supports Foresight’s investment in Strathmore Foods
Foresight, a leading regional private equity and real assets investment manager, has announced its investment into Strathmore Foods Limited, a manufacturer of chilled and frozen convenience food products.
Strathmore is a Forfar-based manufacturer of branded and private-label ready meals, employing more than 115 people and producing 15 million meals per year. Founded in 1973, the Company supplies major UK retailers and owns McIntosh of Strathmore, Scotland’s leading chilled ready meal brand, alongside Craft Mac Co. and Scottish Favourites.
Foresight’s investment, alongside the existing shareholders, will support the management team to build on Strathmore’s established market position and pursue growth across retail, foodservice and contract manufacturing.
PMSI provided CDD to support the transaction. Our work encompassed an assessment of the Scottish chilled ready meals market and the growth opportunity in England, as well as Strathmore’s competitive positioning, management’s business plan and customer referencing.
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