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04/2021

TASTECONNECTION

Acquired by

NACTAROME GROUP

UNITED KINGDOM Food Processing / Ingredients REV 5M - 25M GBP

Context

Ambienta-backed Nactarome Group completed the acquisition of TasteConnection from its founders, marking its fourth add-on in 2.5 years and establishing a UK industry hub. Transaction facts detail full ownership transfer of the seasonings specialist, integrating its Gloucestershire facility adjacent to Nactarome's existing operations for streamlined synergies. Rationale centers on strategic adjacency in clean-label flavourings, with TasteConnection's snacks and savoury dominance complementing Nactarome's top-notes portfolio to create comprehensive aromatic solutions. This bolt-on exemplifies platform consolidation in natural ingredients, where sustainability-focused PE deploys dry powder for high-growth niches—benchmarking Ambienta's serial add-ons against peers and signaling robust M&A pipelines for clean-label leaders targeting defensive consumer staples.

TASTECONNECTION, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

TasteConnection, founded in 2002 and headquartered in Alderley, Gloucestershire, United Kingdom, stands as a premier manufacturer of innovative seasonings, bespoke flavourings, provenanced ingredient blends, and culinary products tailored for food processors. The company specializes in natural solutions for the snacks and savoury markets, including handmade crisps, chips, and ready meals, serving over 70 of the UK's largest snacks producers alongside niche brands. Its core strength lies in anticipating consumer trends through custom development of clean-label seasonings that combine aromatic profiles with functional blends. Renowned as a market innovator, TasteConnection commands strong positions in high-growth segments driven by sustainability and natural ingredient demand.

Ent. Value

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Multiples Analysis

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EV / EBITDA

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EV / EBIT

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Historical Financials (GBP)

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2021
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2020
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Other operations with TASTECONNECTION

REFERENCES

Revenue range: 5M - 25M GBP

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).