Snacks and sweets supplier Glisten plans to quadruple sales in the next five to ten years through a combination of organic growth and acquisitions - and is eyeing deals that would take it into new categories.
The company this week announced a turnover of £56.6m in the 12 months to 30 June, up 35%, with pre-tax profit up 60% to £4.84m.
Chief executive Paul Simmonds said that growth had been boosted by the purchase of three businesses in the past 18 months - Lyme Regis Fine Foods, Halo Foods and Halo subsidiary Nimbus Foods.
More deals were in the pipeline, he said, with Glisten holding a £10m debt facility to fund further acquisitions, with the option to obtain more.
The company was likely to expand its interests beyond hand-held snacking and confectionery into healthy savoury snacks and beverages. Health and well-being now made up over 70% of business, he said.
The company also expects to increase its exposure to the major multiples, which currently constitute 20% of its sales. However it would not anticipate more than 60% of its turnover from them, he said. Most of its business is in own label.
Simmonds said of his vision for the business: "You have to be ruthless. You have to be the best in class, the most efficient and innovative. You have to bring retailers solutions."