Vibrant Foods acquires paneer cheese maker Everest Dairies Vibrant Foods has acquired Everest Dairies as it continues to boost its reach into the chilled groceries market.
The new partnership will bring Everest Dairies into the Vibrant Foods portfolio, alongside recognised Asian food brands TRS, East End and Cofresh.
Already a producer of ghee and margarine, Vibrant’s acquisition of Everest’s brings the family-owned business’s expertise in producing paneer cheese – a fresh, non-aged, non-melting soft cheese used in Indian cooking – to the group.
Vibrant said it hoped to capitalise on a growing demand for protein-rich, meat-free products, a trend for fusions of what it described as ‘inter-regional tastes and cuisines’ and the penetration of paneer in Western markets.
Vibrant Foods expands into chilled with acquisition of Everest Dairies thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
By Lyndsey Cambridge2021-01-26T09:41:00+00:00
Source: Dhamecha
Owner and CEO Pradip Dhamecha said the deal included provision to sell a selection of TRS and East End-branded products
Dhamecha Cash & Carry has acquired a depot in East London from rival TRS.
The site in Leyton is set to become Dhamecha’s 10th cash & carry. It currently operates seven sites in the capital as well as branches in Birmingham and Leicester.
It is planning to fully refurbish the site over several months before opening.
The wholesaler bought the site from private equity firm Exponent, which acquired TRS and East End Foods in 2019, with the deal set to go through by the end of February. Exponent created a new business called Vibrant Foods to bring the TRS and East End businesses together.
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25th January 2021
Dhamecha Group has reached an agreement to acquire the TRS depot in Leyton, expanding its cash & carry network to 10 sites – 8 in London and 2 in the Midlands area.
The Unitas Wholesale member said completion on the deal is expected to take place by the end of February.
Chief Executive, Pradip Dhamecha, said: “We have been in discussions with TRS and their owners, Vibrant Foods, for a period of time and are excited to make this addition to our group. The depot will close for several months for renovation and refurbishment. We look forward to welcoming both new and existing customers when the depot re-opens later in 2021.