Thompson and Morgan buy-out backed by Primary
Primary has invested in the management buy-out of Ipswich-based Thompson & Morgan, one of the UK's largest suppliers of young plants and packeted vegetable and flower seeds through both retail and mail order. It is also the producer of one of the world's largest colour seed catalogues which has been distributed since 1855.
The business is widely regarded as one of the best known horticultural brands, with a reputation for innovation and introducing more varieties than any other seed company.
Total funding for the buy-out, from the US company International Garden Products Inc. was £17 million (including funds for further expansion).
The management team has transformed Thompson & Morgan from a family-run concern to a professionally run international organisation. It is headed up by John May, Chief Executive. Worldwide sales in the current year are in excess of £20m.
Contact Jackie Adams for more information
Tel: +44(0) 20 7920 4800