The buy-out was led by existing directors and provides an exit for the three founder shareholders.  Pascal Wittet led the investment for Connection Capital and joins the Board alongside incoming chairman, John Cleland.

Rowan sources, stocks and distributes a wide range of FMCG products that are considered by suppliers not right for the usual channels, such as the major multiples and convenience chains, and sells these products largely into the fast growing discount retail channel in the UK and mainland Europe.

Rowan’s leading position in the market is built on a 30-year track record and its reputation as renowned experts in a specialist field, its professionalism in maintaining brand integrity for suppliers and its speed and flexibility.