Food-to-go supplier Around Noon has secured a multimillion-pound investment to back its ambitious growth plan for the UK and Ireland.
The backing from fund manager Whiterock, in return for a minority stake, would help Around Noon build on its existing footprint, the Northern Irish-headquartered company said.
Founded by the Chambers family more than 30 years ago, the group is one of the biggest food-to-go producers in the market, supplying sandwiches, wraps, salads, breakfast and hot deli options, snack pots and bakery items.
Around Noon supplies more than four million products every month into convenience stores and supermarkets, as well as catering, events, travel, education, forecourt and coffee.
It has sites in North London and Slough, in addition to its Newry headquarters, and has expanded with numerous acquisitions. Turnover has grown rapidly, with the latest accounts for 2024 recording sales of £81m.
“We see huge growth opportunities in the UK and Ireland, and taking on equity backing will be incredibly helpful to us in being able to scale significantly,” Around Noon CEO Gareth Chambers said.
“We are grateful to the Whiterock team for their support and expertise and believe they can play a very valuable role in the next phase of Around Noon and our growth.”
Whiterock CEO Paul Millar added: “Around Noon is an incredible story of Northern Ireland business success and a company that is truly respected in the food-to-go sector. We are extremely pleased to partner with Gareth and the team to help them realise their ambitions for further growth.
“Beyond capital, we provide strategic guidance, industry insight, and access to a wider network to support management teams through their next phase of growth and we are incredibly excited about what we believe Around Noon can achieve.”
Through its Growth Capital Fund, Whiterock collaborates with management teams to provide financial support to companies in Northern Ireland. Backed by institutional partners and private investors, Whiterock has managed more than £250m across five funds and to date has deployed in excess of £150m.
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