Bowman Ingredients
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Bowman Ingredients - overview
Established
1992
Location
-, -, UK
Primary Industry
Food
About
Bowman Ingredients is a UK-based company specializing in developing customized ingredient solutions for the food industry, enhancing the quality and functionality of food products. Founded in 1992, Bowman Ingredients operates within the food ingredient sector, focusing on providing tailored solutions to food manufacturers. The company was acquired by Solina Group SAS, a portfolio company of Ardian, in October 2020, although financial terms of the deal were not disclosed. The company is headquartered in the UK.
The CEO, James Elkington, leads the firm into its next phases of growth. Bowman Ingredients specializes in developing customized ingredient solutions for various sectors, including foodservice, butchery, and nutrition. The company’s flagship offerings include innovative coating systems designed to enhance the flavor, nutritional value, and functionality of savory foods, particularly potato products. Their solutions are delivered to clients across Europe, Asia, and Africa, utilizing manufacturing facilities located in the UK, Netherlands, Poland, Thailand, and South Africa.
In 2023, Bowman Ingredients reported a revenue of USD 91. 50 mn and an EBITDA of USD 4. 94 mn, primarily generated through B2B transactions with food manufacturers that procure customized ingredient solutions. Bowman Ingredients plans to leverage its recent acquisition by Solina Group SAS to expand its product offerings and enter new geographical markets.
The company is currently designing new innovative products expected to launch in the coming fiscal year. Specific markets targeted for expansion include additional regions within Europe and Asia, aiming for increased market penetration by the end of 2024. The funding received from the acquisition will support these growth initiatives.
Current Investors
Solina Group SAS
Primary Industry
Food
Sub Industries
Other Food Products
Website
www.bowmaningredients.co.uk
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Bowman Ingredients - timeline of key events
Bowman Ingredients - financials
| Fiscal Year Ended | May 02, 2010 | May 01, 2011 | Apr 29, 2012 | Apr 28, 2013 | Apr 27, 2014 | Oct 04, 2015 | Oct 02, 2016 | Oct 01, 2017 | Sep 30, 2018 | Sep 29, 2019 | Sep 30, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 69,681,474.271 | 72,402,634.175 | 79,494,533.439 | 99,387,809.11 | 97,655,153.633 | 150,361,256.799 | 87,635,089.571 | 56,620,985.659 | 55,398,273.374 | 63,963,436.508 | 60,144,195.993 | 83,694,202.958 | - | - | - |
| % Revenue Growth (YoY) | - | 3.9% | 9.8% | 25.0% | (1.7%) | - | - | (35.4%) | (2.2%) | 15.5% | (6.0%) | - | - | - | - |
| EBITDA (USD) | 6,051,384.224 | 3,314,813.729 | 2,412,069.421 | 2,900,081.722 | 5,471,769.148 | 7,135,011.199 | (9,085,406.578) | 4,154,531.541 | 7,091,331.581 | 10,074,541.054 | 8,819,782.22 | 6,348,453.335 | - | - | - |
| Operating Income (USD) | 4,321,770.477 | 1,608,607.727 | 862,702.451 | 1,091,204.736 | 3,223,162.017 | 3,392,165.06 | (11,421,470.921) | 2,169,078.622 | 5,134,011.055 | 7,898,983.227 | 6,784,798.253 | 4,017,507.845 | - | - | - |
| Operating Margin | 6.2% | 2.2% | 1.1% | 1.1% | 3.3% | 2.3% | (13.0%) | 3.8% | 9.3% | 12.3% | 11.3% | 4.8% | - | - | - |
| % EBITDA Margin | 8.7% | 4.6% | 3.0% | 2.9% | 5.6% | 4.7% | (10.4%) | 7.3% | 12.8% | 15.8% | 14.7% | 7.6% | - | - | - |
| NET Income (USD) | 3,012,108.758 | 1,280,536.414 | 101,425.829 | 597,651.976 | 2,185,617.607 | 2,976,742.858 | (7,569,463.562) | 3,773,508.206 | 6,841,581.098 | 8,952,256.413 | 9,393,722.858 | 5,528,435.087 | - | - | - |
| % Net Margin | 4.3% | 1.8% | 0.1% | 0.6% | 2.2% | 2.0% | (8.6%) | 6.7% | 12.3% | 14.0% | 15.6% | 6.6% | - | - | - |
Bowman Ingredients - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Bowman Ingredients | - |
Displaying 1 - 1 of 1
Bowman Ingredients - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.