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When acquiring new companies , we favor successful family-owned businesses with a well-recognized brand identity and products loved by most . These companies have often experienced growth but have reached a point where further expansion or acquisition is challenging for the owners . The other scenario is where the owner / founder is thinking about retirement and wants to make sure that their company is left in safe hands and will continue to grow . This is precisely where Panicium steps in ,” he informs .
The importance of provenance
However , Panicium goes beyond seeking companies with significant growth potential and places a particular emphasis on businesses with a distinct regional provenance . Graham joins the conversation to shed light on Panicium ’ s company portfolio , highlighting its commitment to celebrating diverse culinary traditions and local flavors . “ Six years ago , we bought our first company : Margaret Hall Limited , trading as Margaret ’ s Country Kitchen . In the following couple of years , the pandemic put our acquisition plans on hold . In 2022 , we purchased Binghams Food , a potted meat business based in Sheffield , which sells mainly through the supermarkets in the Midlands and surrounding areas . Lastly , just before Christmas last year , Panicium acquired Bury Black Pudding , which supplies black pudding to multiple companies in the food service sector .”
“ To illustrate the concept of regional provenance , let ’ s consider the example of Binghams potted meat . Those who grew up around Sheffield are likely to be familiar with this product , with some eating it regularly after school . This is because the Binghams brand is a household name in that area , as it is where it originated . On the other hand , Margaret ’ s Country Kitchen is not necessarily tied to a specific region , but its provenance lies in its association with founder Margaret Hall . Whether they sell their own products or supply goods to other companies under their own labels , the brand is recognized . Therefore , to us , provenance signifies a connection to a name or a particular region ,” adds Peter .
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