A natural health supplement manufacturer and retailer has undergone a management buyout as it looks to expand its product range.
York-based Sweet Cures has been acquired by a new company – Sweet Cures Limited – led by the management team, Bryan Sun and Dave Smith, who have both worked closely with company founder Anna Sawkins for over 12 years.
As part of the deal, Ms Sawkins retains a stake in the business and will continue to work in consultation with the new management as they continue the business’s commitment to quality supplements and excellent customer service, while also looking to add further outstanding product lines to the Sweet Cures’ range.
The management buyout was completed with support from banking partner Louise Duffy and corporate solicitor Stephanie Brown at leading independent commercial law firm Muckle LLP. Louise and Stephanie helped to structure the agreement alongside tax advice from corporate finance director Stephen Garbett of Garbutt + Elliott accountants.
Established by Ms Sawkins in 2002, Sweet Cures’ major customers include NHS Hospitals nationwide and pharmacies across the UK and Europe, with Sweet Cures essential oils Soil Association registered.
Bryan Sun, Sweet Cures director, added: “Anna has done a fantastic job of building the business and the new company is committed to maintaining and building on the excellent standards already established.
“At the same time, we have plans to fulfil our ambitions of expanding the business, following the example of other natural remedy businesses such as Holland and Barrett and iHerb, which both grew from small product ranges.
“We are looking forward to developing more options for our customers and will continue to provide the very best products and the same premium service, whilst aiming to make our customers’ experience even better as the business grows.”