Direct Capital is pleased to announce that it has supported the management buyout of Marvel Packers (Marvel) by the current managing director, whose grandfather founded the business more than 80 years ago.
Marvel is a well-established manufacturer of potato based products, specialising in the production of frozen French fries. Marvel manufactures potato based products from its manufacturing facility in Victoria, Australia. Its products are distributed nationally by food service wholesalers to a large and diverse range of independent food service outlets (e.g. fish & chips shops, cafes and restaurants).
In addition to supporting the ownership succession, Direct Capital’s investment provides growth capital to enable Marvel to expand its production facility and to support growth into new markets and new product categories.
Marvel’s strong market position, track record of revenue and earnings growth under the current management team, and future growth opportunities were key features that attracted Direct Capital to the investment.