PJs Foods Acquired by Tiffin Sandwiches in Major Deal
Deal News | Apr 13, 2025 | Macdonald Henderson Ltd.
Macdonald Henderson has advised on the transaction where PJs Foods, a leading Scottish sandwich manufacturer, was acquired by Tiffin Sandwiches, one of the UK's largest independent food-to-go manufacturers. Established in 1996, PJs Foods manufactures products such as sandwiches, pasta, and salad bowls and delivers to various sectors including healthcare and educational institutions. The acquisition allows Tiffin Sandwiches to enhance its production and distribution capabilities in Scotland, with PJs Foods' facility producing up to 90,000 products weekly. The advisory team for the sell-side was led by Macdonald Henderson, while Consilium provided corporate finance advice to PJs Foods. The transaction marks a significant milestone as the directors of PJs Foods retire, having successfully run the business for 30 years.
Sectors
- Food Manufacturing
- Mergers and Acquisitions
Geography
- United Kingdom – Both PJs Foods, located in Scotland, and Tiffin Sandwiches are companies operating within the UK, and the transaction affects their operations across the country.
- Scotland – PJs Foods, the company being acquired, operates primarily in Scotland.
Industry
- Food Manufacturing – The article discusses companies involved in the production and distribution of ready-to-eat food products like sandwiches and salads.
- Mergers and Acquisitions – The primary focus of the article is on the acquisition of PJs Foods by Tiffin Sandwiches, a common type of corporate M&A activity.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PJs Foods | Target | Company | A leading sandwich manufacturer and distributor in Scotland, producing up to 90,000 products weekly. |
| Tiffin Sandwiches | Bidding Company | Company | One of the UK's largest food-to-go manufacturers, supplying products nationwide. |
| Macdonald Henderson Ltd. | Legal Advisor | Company | The legal firm advising on the sale of PJs Foods to Tiffin Sandwiches. |
| Consilium | Corporate Financial Advisor | Company | Provided corporate finance advisory services to PJs Foods. |
| Laura McKnight | Lead Deal Advisor | Person | Led the deal team at Macdonald Henderson. |
| Mark Salisbury | Director | Person | Director at Tiffin Sandwiches, commented on the strategic importance of the acquisition. |
| Julie Smith | Director | Person | Director at PJs Foods, commented on the advisory support during the sale. |
| Linzi Wilson | Corporate Finance Partner | Person | Partner at Consilium, involved in the advisory team for PJs Foods. |
| Colin McCrann | Manager | Person | Manager at Consilium, involved in the advisory team for PJs Foods. |