Flamingo Holdings, a major supplier of cut flowers to key high street retailers in the UK, has approached the shareholders of Lingarden Ltd, with a view to acquiring an interest in the company. Lingarden is also a cut flower supplier to UK retailers.
A private company, three-quarters of Flamingo Holdings’ shares are held by its management, the balance being with two equity partners.
A successful approach to Lingarden would enable Flamingo to augment its presence in the rapidly expanding cut flower sector.
Flamingo has an annual turnover of £220 million and is a vertically-integrated supplier with its own production base in Africa, where it produces approximately 50 per cent of its cut-flower requirements. The balance of the flower supply for customers is sourced from growers in Europe, Asia and South America. The group has two flower production facilities in the UK, one near Bedford and the other at Spalding.
It has also been recognised internationally as providing leadership in issues related to ethical trading, the environment and corporate social responsibility.
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