The Tails Trading Group has sold its private labelling arm to an investor group for £395m, as part of a wider strategy to streamline operations and focus on new ventures.
The private labelling division has been a key supplier of a wide range of products including food and beverages, personal hygiene items, small domestic appliances, and household cleaning products, with a client base including large retailers, hotel groups, airlines, and regional importers across North America and Europe.
The investor consortium, led by NetOil, includes companies from the consumer brand distribution sector in Europe, a prominent American retailer and a green supply chain company from the USA.
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Gilles Koch from NetOil commented on the acquisition, stating, “This acquisition holds strong long-term value and synergies for our consortium of buyers. In the short term, it brings a significant volume of shipments and revenue, along with access to a robust network of quality manufacturers from across the globe.”
Siddharth Shankar, chief executive of Tails Trading Group, expressed his confidence in the new management team, stating, “We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management.”
