Ivestcorp sells Tyrrells for £300 million

Bahrain based Investcorp, a global provider and manager of alternative investment products, announced that it has agreed to sell Crisps Topco Limited (Tyrrells) to Austin, Texas-based Amplify Snack Brands, Inc for £300 million.
Founded at Tyrrells Court Farm in 2002, Herefordshire is a premium manufacturer of hand-cooked potato and vegetable crisps, popcorn and other savoury snacks. Tyrrells has also successfully diversified its core product offerings into other premium snack categories, including popcorn, tortilla chips and vegetable crisps.
Investcorp acquired Tyrrells in August 2013 for £100m and has overseen an extensive transformation of the Company in which sales and EBITDA more than doubled and employee numbers grew by over 70 per cent globally, 30pc of which were new employee positions created in the UK. International markets now account for close to 40pc of sales compared to 20pc three years ago.
Under Investcorp’s ownership, Tyrrells has grown organically and through acquisitions in Australia and Germany, further expanding its healthy snacking portfolio into organic and gluten-free products, creating a truly diversified premium snacks player.
Carsten Hagenbucher, Managing Director in Investcorp’s European Corporate Investment team, commented: “Tyrrells is a great British success story which we’ve been delighted to play a part in. Three years ago we saw the opportunity to export a fantastic domestic brand and that has been our focus, through two transformative acquisitions - both of which were proprietary deals - and by driving growth in the UK and many international markets. We wish David and his team the best of luck in this new chapter.”