Foresight invests in Strathmore Foods in management buyout
Forfar-based ready meal maker with more than 115 staff and 15 million meals a year, owner of McIntosh of Strathmore.
Foresight Group has supported a management buyout of Strathmore Foods Limited, a manufacturer of chilled and frozen convenience food. Founded in 1973, Strathmore Foods supplies major UK retailers and owns the McIntosh of Strathmore, Craft Mac Co. and Scottish Favourites brands.
Foresight's investment, alongside existing shareholders, will fund growth across retail, foodservice and contract manufacturing. Neil MacRae, formerly Sales Director, has been appointed Managing Director. Foresight has introduced Mark Steven, former Managing Director of Highland Spring, as Board Chair. Julie Nisbet, a Strathmore director, said the family will retain a minority shareholding. The investment amount was not disclosed.
Deal facts
- Target
- Strathmore Foods
- Business
- Forfar-based manufacturer of branded and private-label chilled and frozen ready meals, owner of McIntosh of Strathmore
- Investor
- Foresight Group
- Sponsor
- Foresight Group
- Deal type
- Investment
- Headquarters
- Forfar, Scotland
- Status
- Completed
- Announced
- Thursday, November 5, 2026
Sources
- Foresight GroupNov 5, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.