Frozen food and bakery supplier Central Foods has announced that it is undergoing a management buyout.

The move came as previous joint MD, Tony Levy, decided to sell his share in the business. Under the new structure, Gordon and Alison Lauder are now the new owners of the business, taking over the firm’s trading stock, assets and equipment.

Central Foods services both national and independent wholesalers and larger end-user bakers. It represents Honeytop Speciality Foods and Kitchen Range Foods. It also has three of its own brands, including The Great British Pudding Company.