Tyrrell Potato Chips

Tyrrell Potato Chips

Maker of potato chips.

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DateInvestorsAmountRound

$278m

Valuation: $278m

0.7x EV/Revenue

3.3x EV/EBITDA

Acquisition
Total Funding000k

Financials

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Revenues, earnings & profits over time
GBP2015201620172018201920202022
Revenues0000000000000000000000000000
% growth-3 %10 %9 %26 %1 %-
EBITDA0000000000000000000000000000
% EBITDA margin12 %20 %18 %19 %19 %22 %23 %
Profit0000000000000000000000000000
% profit margin(4 %)4 %3 %4 %4 %7 %9 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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More about Tyrrell Potato Chips
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Tyrrells Potato Crisps, a premium snack food company, was established in 2002 by farmer and entrepreneur William Chase. Operating from his farm in Herefordshire, England, Chase leveraged his two decades of experience in potato farming, including a period of supplying potatoes to supermarket McCain, to venture into crisp production. This move was born out of a desire to retain more value from his produce and create a finished product on-site. The company distinguished itself by hand-cooking crisps in small batches, leaving the skins on the potatoes to enhance flavor and texture. This method, combined with the use of locally sourced potato varieties like Lady Rosetta and Lady Claire, became a signature of the brand.

The product line centers on gourmet potato and vegetable crisps, offered in a variety of distinctive flavors such as 'Sea Salt & Cider Vinegar' and 'Mature Cheddar & Chive'. The brand's unique selling proposition lies in its farm-to-chip ethos, quality ingredients, and quirky, English-themed branding. Tyrrells markets its products to consumers seeking a higher-quality snack alternative, distributing through major supermarkets and independent retailers. Its business model revolves around the manufacturing and sale of these premium packaged goods to a broad consumer base.

A significant milestone in the company's history occurred in 2008 when William Chase sold a majority stake for nearly £40 million to Langholm Capital, a private equity firm. This transaction provided the capital for further expansion. The company has since undergone several changes in ownership. In 2013, it was acquired by Investcorp for £100 million, and later, in 2015, by Amplify Snack Brands of Austin, Texas, for £300 million. The Hershey Company subsequently acquired Amplify Snack Brands, including Tyrrells, in 2017 for $1.6 billion. Following his exit from the crisp business, founder William Chase went on to establish the successful Chase Distillery, producing gin and vodka, further demonstrating his entrepreneurial acumen in the food and beverage sector.

Keywords: premium snacks, potato crisps, hand-cooked, farm-to-chip, gourmet flavors, Herefordshire, consumer packaged goods, food manufacturing, William Chase, snack food

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Investments by Tyrrell Potato Chips

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Yarra Valley Snack Foods Pty.
ACQUISITION by Tyrrell Potato Chips Aug 2015