The Success of Hobson
In the early 1990s, Corvus CEO, Andrew Regan ran a household products business, Cadismark, which was sold to Hobson plc. Following the sale, he became the chief executive of Hobson, which was listed on the London Stock Exchange. In 1994, Hobson acquired F.E. Barber, the food and drinks manufacturing operation and Regan was responsible for developing the Loyd Grossman range of sauces. After rationalising the operation, Hobson was sold in 1996 to Hillsdown Holdings for £154 million, through a recommended cash takeover, having grown significantly through acquisitions and organic growth.