JM Posner gets acquired by Ingå Group
JM Posner MD Tim Hills noted that while the company engaged with several interested parties, Ingå Group distinguished itself through its shared culture, approach, and vision.
UK – JM Posner, a prominent supplier of specialized ambient baking and dessert ingredients, aims for further growth following its acquisition by Ingå Group, an investment firm focused on the food and beverage sector.
Founded in 2009 and located near Mansfield, Nottinghamshire, JM Posner specializes in supplying both own-brand and branded ingredients across various categories, including sweet spreads and sauces, chocolate, confectionery, dessert mixes, toppings, and baking ingredients.
The company supports over 10,000 customers in the food industry, including food producers, restaurants, cafés, and food service suppliers.
“JM Posner is an entrepreneurial family business, and we are exceptionally proud of the brand and its strong growth in recent years. However, for the business to continue thriving, we knew it was time to join a larger group that could provide support, additional skills, resources, and a collaborative approach,” said Managing Director Tim Hills.
Hills expressed confidence that Ingå Group’s support will enable JM Posner to strengthen and expand its operations beyond what would have been possible as a standalone company.
The Ingå Group is in partnership with and majority-owned by Novax AB, the investment company of the Stockholm-based Axel Johnson Group.
“JM Posner is a fantastic business with an excellent product offering and a dedicated team. From the outset, it was clear that our values and aspirations were very much aligned, and we are delighted to welcome them to our family,” said Adrian Short, CEO of Ingå Group.
Short added that they hold great respect for the impressive business that the JM Posner team has built since 2009, along with the capabilities, knowledge, and expertise it possesses.
He also articulated the company’s eagerness to collaborate with Hills and his team to help them achieve their potential and create sustainable value for their loyal customers.
Short emphasized the company’s commitment to partnering with businesses that have a long-term future, focusing on sectors that promote sustainable food manufacturing and development, with a lasting positive impact on the entire food value chain—from Michelin-starred chefs to food manufacturers.
Initium Corporate Finance advised JM Posner’s shareholders throughout the transaction. Hills praised the expertise and experience of the Initium team, led by Andrew Sims, for guiding them through the complexities of the process and helping them secure the best possible terms for the transaction.
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