However, the hearing cleared the terms of the offer from the directors of Randotte, who are also directors of Lees. Randotte is a private limited company incorporated in Scotland on 10 February 2012 and formed specifically for the purposes of the acquisition.
On the day of the court hearing, Randotte's directors released a statement confirming they had no plans to divest the Lees business. They also confirmed that the company would not be sold to a third party for at least two years.
Lees Foods manufactures teacakes, meringues and seasonal biscuits from a factory in Coatbridge, UK.
