H2 Equity Partners (“H2”) are pleased to announce the acquisition of JTS International (“JTS”) by World of Sweets Limited, a division of its portfolio company Hancocks Group (“Hancocks”).
JTS has been acquired from its founder John Stimpson, who set the business up in 1991. JTS has sales of over £20 million and is an important UK supplier of confectionery products. JTS operates its own in-house design, development and technical departments that create a range of innovative new products each year and source products to meet specific customer requirements. JTS also imports confectionery from around the world to offer an extensive range of confectionery to supermarkets, discount stores and wholesalers.
There is a strong strategic fit between the businesses and the acquistion enables Hancocks to widen both its customer and product base and grow the direct distribution part of the business significantly.
Hancocks is the UK’s market leading confectionery specialist and the acquisition will increase sales to circa £140 million. Hancocks sells its own brand, exclusive products and main brand confectionery via a national cash and carry network, a direct distribution business and an export and e-commerce channel.
H2 and the management team acquired Hancocks from the founding family in November 2012.