Food producer The Real Good Food Company has made an offer for sugar company Napier Brown Foods.

RGFC haa recommended an all share offer of 220p for the group, valuing Napier Brown Foods at £67.74m.

In full-year results for the year to end April 3, Napier Brown’s chairman, P G Ridgwell, said that the offer would enable Napier shareholders to hold shares in a broader based food group.

The group revealed pre-tax profits of £4.8m, up from £1.2m the previous year.