Jobs boost after £24-million takeover
NEW jobs could be brought to a Scunthorpe food factory following a £24-million takeover deal.
The Sauce Company (TSC), which has a factory on Arkwright Way in the town, has been taken over by Key Capital Partners.
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The deal involved major cash investment by five long-standing managers at the firm and Jonathan Skofic, a former executive of Cott Beverages - the drinks company behind energy drink Red Rooster.
News of the take-over deal broke yesterday on
www.thisisscunthorpe.co.uk
TSC Commercial director Mandy Taylor is one of the managers who has put money in to the firm.
She said: "If things continue as they are doing, it is very likely that we will do that [employ more staff].
"KCP have already agreed to an increase in the filling capacity.
"If we are buying new equipment, we will need new staff."
In the short term, Mrs Campbell said day to day operations would remain the same.
The new management team is set to sit down and take a strategic look at ways to grow the business in Scunthorpe.
Mrs Campbell added: "If it's not broken, don't fix it."
Key Capital Partners (KCP) has offices based in Leeds, Cambridge and Birmingham. The company specialises in small to mid-market buy-outs.
Recently, KCP has invested £4.3-million in Templine Recruitment and £2.25-million in fashion label Sabotage.
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4 Comments
by Karen Smith, Scunthorpe
Thursday, July 23 2009, 8:43AM
“I too am a long serving member of the TSC Technical Team & have thouroughly enjoyed my 10 year service. I strongly believe that the Business will continue to grow from strength to strengh and we will remain Market Leaders for many years to come.
Well done to all concerned!”
by Dave, Scunthorpe
Wednesday, July 22 2009, 8:42AM
“I agree with Malc, this is a great move forward for the company.
This not only helps secure the jobs here but also will create more jobs in the forthcoming years.
The new robots will not actually reduce TSC headcount but will reduce agency costs and will allow extra capacity which in-turn will allow TSC Foods to supply more supermarkets and increase the overall headcount. This will be done by obtaining a new packing machine which will be operational by September. This new packing machine along with the 2 other pots packing machines would have put the Casing team under too much pressure and increased risks of RSI's (Repetitive Strain Injuries). The robots will manage this with no issues and will still need to be operated by the current number of staff in TSC Foods Casing Department.
Well done to the TSC Team.”
by Malc Clarke, Scunthorpe
Wednesday, July 22 2009, 8:31AM
“I love working at TSC Foods and have done so for over 10 years.
This is a great step forward for the company and helps me maintain my ambition of only leaving TSC Foods in a wooden box.
Great move for the 7 Managers involved and good to see us moving forward in the Food Industry.”
by ROB BROADLEY, TSC
Tuesday, July 21 2009, 2:32PM
“"If we are buying new equipment, we will need new staff."
THE NEW EQUIPMENT IS ROBOTS TO AUTOMATE PACKING AND REDUCE STAFFING COSTS.MANDY WOULD NEED A MAP TO FIND THE DEPARTMENT CONCERNED”