• Print
  • Share
Sweet result for JTS International
Mar 17, 2014

Smethwick confectionery company JTS (International) Ltd has been acquired by Hancocks Group in a major deal advised in the West Midlands.

JTS founder John Stimpson, the majority shareholder, and five other shareholders in the management team, were advised by Crowe Clark Whitehill corporate finance director Andy Kay with legal advice coming from Guy Green and Clare Lang of law firm George Green.

Hancocks Group acquired JTS through a subsidiary company, World of Sweets Ltd. Following an institutionally backed buy out in November 2012, Hancocks Group is a portfolio company of H2 Equity Partners.

John Stimpson established JTS in 1991, since when it has grown to annual sales of over £20 million and is recognised as an important UK supplier of confectionery products.

The company is based in Candy House, Crystal Drive, Smethwick.

JTS operates its own in-house design, development and technical departments that create a range of innovative new products every year and source products to meet specific customer requirements. The company also imports confectionery from around the world, offering an extensive range to supermarkets, discount stores and wholesalers.

Andy Kay said: 

“We have been working with the shareholders of JTS International for some time and we made the introduction to H2 Equity Partners late last year.

“There is a strong strategic fit between the businesses and the acquisition enables Hancocks to widen both its customer and product base and grow the direct distribution part of the business significantly.”

Hancocks Group is a market leading confectionery specialist and the acquisiton will increase its sales to circa £140 million. Hancocks sells its own brand, exclusive products and main brand confectionery via a national cash and carry network, a direct distribution business and an export and e-commerce channel.

H2 Equity Partners currently manages a portfolio of 16 companies with funds under management of around 500 million euros.