Profura Announces Acquisition of Framptons Ltd. to establish itself as a leading player in the oat-drink market in the UK
Gothenburg, Sweden – 29.11.2023
Profura is a privately owned Gothenburg-based investment company that invests across industries, focusing on long-term co-ownership. We primarily invest in Swedish, unlisted companies, but also international operations where we have industrial knowledge.
We are, therefore, proud to announce the acquisition of Framptons Ltd., a renowned UK-based food and beverage company mainly known for its oat drink production. The acquisition is aligned with Profura’s strategy to invest in companies with a sound core business with high potential for growth.
Our investments have three focuses: Industry, Development, and Real Estate. The concern has a turnover of £563 million, 1300 employees and approximately 45 active business units. The parent company, Profura AB, is debt free, with a strong equity position of £407 million, founded and solely owned by Bernt Ivarsson.
With effect from today, Framptons will be owned by Provator, a wholly owned subsidiary of the Profura group who will provide the knowledge, support and financial stability that will create a platform for future growth and expansion for Framptons.
With an established position in the food industry, Profura will bring valuable experience to Framptons’ business in the UK. Profura’s food industry group, has a turnover of £70 million, with a £4.5 million EBITDA. This background ensures the market knowledge needed to integrate Framptons into our diverse portfolio, combining our shared expertise to innovate and succeed in the food and beverage sector.