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Dear ##firstname##, The transaction involved Palacios acquiring a majority interest in Rhokett’s shares, with the option to purchase the remaining shares from the management team at a later date. |
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Rhokett was established in 2002 by Michelin star chef Gary Rhodes OBE, Martin Dockett and Peter Le Voir. Rhokett is a food industry respected brand, which offers a broad range of great tasting, hand-finished desserts that bring restaurant quality products into the home. It has long-standing relationships with well-known, major food retailers and food service clients.
The Company is also known for its very strong in-house R&D capabilities and has invested in three state of the art production facilities in Cranbrook and Hawkhurst in Kent. This has resulted in a strong track-record of growth and profitability. |
| Palacios was founded in 1960 as a family butchers. Today, it employs over 1,000 staff and has five production facilities in Spain and one in the US. |
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| Joanne Gallagher
Head of Corporate & Commercial |
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In 2020, sales were c. 255 million. It sells its products in Spain, France, Portugal, the US, the UK, Belgium, and Germany, as well as in forty other countries, through select retailers and food service outlets. |
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If you would like further information in relation to Mergers & Acquisitions. |
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Thomson Snell & Passmore LLP is a Limited Liability Partnership established in England and Wales under the Limited Liability Partnerships Act 2000 with registration number OC394428. Our main place of business and registered office is at Heathervale House, 2-4 Vale Avenue, Tunbridge Wells, Kent TN1 1DJ. A list of our members (and of non-members and non-lawyers who are designated as partners) can be inspected at our offices or on our website at www.ts-p.co.uk. Thomson Snell & Passmore LLP is authorised and regulated by the Solicitors Regulation Authority and has to comply with the SRA Standards & Regulations and details can be found on our website. SRA ID. 615534. VAT registration number GB 210327030.
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