Produce Investments Ltd sell stake in Linwood Crops Ltd
Produce Investments Ltd (PIL) are pleased to announce that it has agreed to sell its entire shareholding in Linwood Crops Ltd (LCL) to the existing management team. The deal, which concluded on 30th January 2020, sees all of PIL’s shares in LCL transfer to the LCL management shareholders.
Angus Armstrong, CEO of PIL says “Having supported the new venture back in 2016, both parties feel that now is the right time for LCL team to take full control and for PIL to exit the business. We wish the LCL team well for the future.”
Chris Marshall, MD of LCL says “LCL appreciate the help and support that PIL have given us over our first 3 years of trading and we have now established the business operationally and with both supply and customer bases. We would like to thank PIL for their backing, wish them well and look forward to an ongoing trading relationship with them.”