In a strategic shakeup of its digital operations, Hilton Food Group PLC announced Tuesday the sale of a significant stake in its supplier management tech platform, Foods Connected, to the Apax Global Impact Fund in a £22 million ($30 million) deal.
The FTSE 250-listed food supplier said it would retain a 26% shareholding in the Northern Ireland-based tech firm after the transaction, which is still subject to regulatory approvals. The specific regulatory bodies involved were not disclosed.
Modernizing an Industry Still Drenched in Paper and Spreadsheets
Foods Connected, headquartered in Londonderry, Northern Ireland, is a cloud-based software solution designed to overhaul how food supply chains are managed. The platform integrates product lifecycle management, procurement systems, and quality control into one centralized digital solution — a leap forward for an industry still riddled with outdated manual tools.
“Many food businesses still use outdated tools like spreadsheets and paper, creating a clear opportunity for Foods Connected to modernize operations,” said Edward Donkor, partner at Apax Global Impact.
With global supply chains facing increasing complexity and transparency demands, Foods Connected aims to be the neural network that binds quality assurance to logistical precision across the food industry.
