Fresh new beginnings are on the horizon for Suttons Seeds, as the company announces that former owner Limagrain - through Vilmorin & Co – and the Torbay Council, along with the Torbay Development Authority, have facilitated and supported the management buy out (MBO) of Suttons Consumer Products Ltd, effective as of December 1st.
The significant agreement combines the desire for Limagrain to find the right future for Suttons and the goals of Torbay Council to retain and promote business in the area. The deal ensures continued growth and employment for Suttons as well as providing a springboard for new business.
Multinational Limagrain has grown rapidly in recent years to be a world leader in the seeds and cereals industry. As a French cooperative of grower farmers with a strong Corporate Social Responsibility ethos, Limagrain sought a strategic solution that would optimise the future prospects of Suttons - especially for its employees and their families. They have actively contributed to the MBO.
The MBO - led by Managing Director David Robinson and Operations Director Rufus Roberts – heralds a new era for Suttons Consumer Products and their team. Although no longer a direct shareholder, Limagrain will remain an important trading partner.
The Suttons Group – which includes Carters and Dobies of Devon – will continue to operate from its current facilities in Paignton.
David Robinsons said: “Suttons have plans to launch innovative and new products for both our faithful and new customers. It is an exceptional household brand widely recognised for quality. Watch this space… innovation is the key.”
Rufus Roberts – with over 17 years experience with Suttons – added: “We’re looking forward to consolidating our base business and adding new opportunities within this new dynamic, as together, we seek to build a solid platform with long-term focus. This can only be good news for our loyal customers, suppliers and staff.”