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Hilton Food Group PLC on Tuesday said it has agreed to sell a majority stake in its supplier management platform, Foods Connected, to the Apax Global Impact Fund, advised by Apax Partners LLP for £22 million The Huntingdon, England-based food packaging company said the move aims to accelerate the platform’s growth, while sharpening the remaining group’s focus on its core food business. Hilton Food retains a 26% stake in the company, down from full ownership. The deal is subject to regulatory approvals. Hilton said the partnership with Apax brings in additional capital and technology expertise to expand Foods Connected’s presence in global markets and enhance its offering. The platform helps optimise food supply chains using real-time data to improve cost efficiency, quality, risk management, and sustainability. Hilton Food Chief Executive Officer Steve Murrells said: ‘This strategic investment strengthens our ability to meet clients’ evolving needs, underscores the platform we’ve built and enables us to sharpen our focus on our core food business.’ Apax Partner Edward Donkor said many food businesses still rely on outdated tools, and Foods Connected is well placed to modernise operations and pursue expansion opportunities, including acquisitions and new market entries. Shares in Hilton Food were up 3.0% at 870.00 pence in London on Tuesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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