Smiths Flour Mills has been acquired by the investment vehicle behind ingredients supplier Edme.
Longmynd Industrials bought Smiths from Vision Capital earlier this month in a low-key deal. Longmynd is run by entrepreneurs David Thompson and Edward Whitley, and also owns Anglia Maltings Group, the parent company of Edme, with different shareholders.
George Fleet, MD of McQueen, which advised Longmynd on the deal, said that milling was seen as a strategic opportunity by Longmynd. He explained that it had been interested in the miller since Vision Capital took it over last November. The management team at Smiths will stay in place.
In November 2006, Vision Capital acquired a portfolio of businesses from Northern Foods, including Pork Farms, Fletchers Bakeries, Park Cakes and Smiths Flour Mills for an undisclosed sum.
Smiths Flour Mills owns three mills at Worksop, Holbeach and Langley.