Foresight invests into Strathmore Foods to support the next phase of growth

• Foresight has supported the management buyout of Strathmore Foods, manufacturer of Scotland's leading chilled ready meal brand, McIntosh of Strathmore
• Investment will support Strathmore Foods to achieve its ambitious plans, growing its existing product range and expanding into new market channels
• Strategic investment into key sector for the Scottish economy

EDINBURGH, 5 November 2026: Foresight Group (“Foresight”), a leading regional private equity and real assets investment manager, has announced its investment into Strathmore Foods Limited (“Strathmore” or the “Company”), a manufacturer of chilled and frozen convenience food products.

Strathmore Foods is a Forfar-based manufacturer of branded and private-label ready meals, employing more than 115 people and producing 15 million meals per year. Founded in 1973, the Company supplies major UK retailers and owns McIntosh of Strathmore, Scotland’s leading chilled ready meal brand, alongside Craft Mac Co. and Scottish Favourites.

Foresight’s investment, alongside the existing shareholders, will support the management team to build on Strathmore’s established market position and pursue growth across retail, foodservice and contract manufacturing. Former Sales Director Neil MacRae has been appointed as Managing Director and will lead the Company’s next phase of growth. Foresight has introduced Mark Steven, former Managing Director of Highland Spring, who will join the Board as a Chair.

With a strong track record of supporting business growth, Foresight will help Strathmore to capture strategic opportunities in the food supply market.

Julie Nisbet, Director of Strathmore Foods, said: “Strathmore has been at the heart of our family for many years, and we are incredibly proud of the business we have built alongside our employees, customers and suppliers. As we enter this exciting new chapter, we are delighted to welcome Foresight as our investment partner while retaining a minority shareholding in the Company. Most importantly, this partnership creates opportunities to invest further in our people, our customers and our capabilities, ensuring Strathmore Foods remains a leading food solutions provider, renowned for quality, innovation and service, for many years to come."

Neil MacRae, Managing Director of Strathmore Foods, said:  “Strathmore has built an outstanding reputation for quality, innovation and customer service over more than fifty years. With Foresight's support, we look forward to continuing that heritage while investing in new growth opportunities across retail, foodservice and contract manufacturing.”

Ryan Finesy, Senior Investment Manager at Foresight Group, commented: “Strathmore is a high-quality food manufacturing business with a leading position in the Scottish ready meal market, longstanding customer relationships and a strong track record of growth. We are delighted to support Neil and the wider management team as they build on the Company's strong foundations and execute the next phase of growth.”

To date, Foresight has invested in excess of £120 million into companies across a range of sectors and transaction types throughout Scotland. In 2026, Foresight successfully exited two of its Scottish portfolio companies, FIS Chemicals and ATL Turbine Services.

Foresight invests in promising growing companies, providing equity or debt to meet the needs of founders, management teams and specialist lenders wherever they are on their journey. Foresight works with the growing companies it supports to enable founders and management teams to build resilient and prosperous companies to deliver strong economic returns and to have a positive impact on the societies in which they operate.