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The deal

Investing in a leading B2B dairy ingredients player


Deal size, August 2018

Fund III

Current investment

The teams

Management Team

Chair: Per Harkjaer

CEO: Raj Tugnait

The story

Meadow is a leading B2B dairy ingredients player in the UK.

The business supplies a wide array of dairy-based ingredients to packaged food companies, which includes products such as milk, cream, butter, cultured dairy, and chocolate crumb. It is differentiated through its scale, manufacturing capability, technical expertise and B2B focus which are all underpinned by well-invested facilities over three sites. This has resulted in the business becoming an important supplier for many major food companies.

Exponent has partnered with the founding family and management team to acquire the business. We were attracted by the business’ unique position in a sizeable and defensible market, and are excited by the opportunity to further its capability and track record in product innovation.

Meadow’s most recent Corporate Social Responsibility Policy can be found here