Privately owned Redditch-based Contract Foods has been acquired by Swiss group Huegli Holding for an undisclosed sum.
Founded in 1981 by Geoff Quentin, Contract Foods employs 120 people. It provides food manufacturing services to companies that have outsourced their operations and supplies a wide blue chip customer base.
The acquisition will provide Huegli with production and technical facilities in the UK. Huegli was established in 1935 by Beat Stoffel and manufactures seasonings and flavourings for the food industry.
Grant Thornton's Birmingham-based deal partner Andrew Roberts and manager Peter Williams advised on the transaction.
Mike Ward and Mohammed Ali from HBJ Gateley Wareing provided legal advice.
Mr Quentin said: "It seemed an ideal time to sell as I wanted to pursue other projects, so I explored the options open to the company and there was a natural fit between us and Huegli."
Mr Williams commented: "The key market trend in this sector is consolidation and we expect to see more of these deals in the future.
"It is very good news for all involved. "Contract Foods will remain an independent subsidiary of the Huegli group and benefit from its expertise.
"Huegli will gain an extensive product and technical portfolio that complements its existing business."
Grant Thornton has been involved in a string of deals in recent months.
They include the disposals of Laser Rail to Balfour Beatty, Weaver to Vinci and Nucare to Phoenix Medical Supplies, the management buy-outs of Wrap Film Systems, backed by Close Growth Capital, and Templine Employment Agency, backed by Key Capital, plus the mandatory offer for West Bromwich Albion.