Buy-Out at Welsh Ice Cream Business
Cadwaladers, the Welsh coffee and ice cream chain, has been bought out of administration in a deal that will secure 92 jobs at the company and see the business continue at 9 of its 14 shops.
The management team at Cadwaladers was led by Diane Brierley and Mark Andrews. Diane explained: “Protecting the future of the business was of the utmost importance and the deal will place us in a strong position as we look to move forward with this great Welsh brand.
“It has been a difficult few months, but with our range of award winning products and excellent customer service, we believe Cadwaladers has the potential to come back stronger by offering customers something different to the standard cafes and coffee shops usually seen on the high street.”
Cadwaladers was initially established in 1927 by the Cadwalader family in Criccieth. The company’s famous vanilla ice cream was made with a secret family recipe that is still used today. In recent years the business has seen considerable expansion and now has coffee shops across North and South Wales including Cardiff, Barry and Tenby as well as the original shop at Criccieth.
Diane continued: “We’re most grateful of the invaluable advice and support provided by the professional teams at Geldards and Deloitte which allowed the management team to continue to run the business on a day-to-day basis as the purchase was finalised.”