Tangerine, a UK confectionery and popcorn manufacturer, has been acquired by the Blackstone Group.

Blackstone, one of the world’s leading investment and advisory firms, has purchased a majority stake in the company, alongside management, which has re-invested significantly in the business.

 

“We are committed to building a partnership with management to take Tangerine and its brands and product range to the next level of growth, thus creating value for both the company and our investors,” says Lionel Assant, Blackstone senior managing director.

Blackpool-based Tangerine owns brands such as Butterkist Popcorn, the iconic Barratt Sherbet Fountain and Dip Dabs, Henry Goode’s soft eating liquorice and Princess Marshmallows.

Steven Joseph, chairman of Tangerine, says the change will help his company build stronger, more sustainable businesses through organic growth and acquisition, allowing Tangerine to achieve its full potential.

For more information on Blackstone, visit www.blackstone.com; for more information on Tangerine Confectionery, visit http://www.tangerineuk.net/.