Seabrook sells land to release cash for investment

The Bradford-based company sold a redundant manufacturing plant at Allerton in Bradford to Rock Developments and Aldi Stores, and a 4.7 acre industrial site at Ingleby Road, Bradford, to a private local business.

The value of both deals was undisclosed.

Mike Dove, partner at Leeds-based property agent Dove Haigh Phillips, said: “These two deals have cemented our strong relationship with Seabrook Crisps and have also released money for Seabrook to invest in an expansion programme.

“The deals are also good news for Bradford, with redundant land being brought back to life. For example, the new Aldi store in Allerton, which is currently under construction, will bring much-needed benefits to the village and provide greater retail choice.”

Seabrook chief executive Jonathan Bye added: “The business continues to grow so releasing this unused land is providing additional investment to ensure we can continue to fulfil increasing demand.”

Seabrook Crisps, founded 70 years ago, underwent a £35m management buy-out last summer backed by mid-market private equity house LDC.

The company has a retail sales value of more than £32m and recently commenced sales to overseas markets as part of its expansion plans.