Sheffield spread and potted meat manufacturer acquired by national food group

Nationally operating food brand group Panicium Ltd expands its reach with the acquisition of Sheffield based fresh spreads and potted meats manufacturer, Binghams Food Ltd.

The acquisition marks a milestone in Panicium’s buy-and-build strategy as the firm has a vision to consolidate artisan food manufacturing businesses that are “characterised by high-quality products and have a strong regional brand identity”.

Binghams Food Ltd was established in 1914 by founder Charles Bingham. The business supplies fresh spreads and potted meats to an established network of retailers, distributors and sandwich shops across the UK.

Panicium Ltd, previously acquired Margaret Hall Ltd in 2018, is a specialist confectionery bakery with a focus on both ambient and frozen foods, recognised under the ‘Margaret’s Country Kitchen’ brand.

The acquisition of Binghams Food Ltd, supported by Shawbrook Bank, further expands Panicium’s presence in the market, providing growth opportunities for both the firm and the wider group.

Peter Fields, director at Panicium Ltd, said: “We are delighted to expand our group and welcome aboard Binghams. With an impressive heritage, strong roots in Sheffield and a well-known reputation for producing high quality products, we are excited to take the business forward on its growth journey with the support of Shawbrook.

“It was clear from the outset that with a tight timeframe we required a lender who could work quickly to understand our needs whilst also providing a funding solution that gives us flexibility. The team at Shawbrook acted swiftly and with diligence to deliver exactly that.”

Daniel Martin, senior director within Shawbrook Bank’s North West corporate lending team, said: “We’re very pleased to support Panicium’s strategy and further growth by delivering the funding needed to support the acquisition.

“By listening carefully to their vision, we quickly recognised the potential opportunities that could be unlocked with this pivotal moment in the growth journey of both Panicium and Binghams. An exciting future certainly lies ahead.”