Kolak has won the Family Business of the Year Award at the PWC Private Business Awards 2015. Kolak is a Family Businesses which has showed resilience through the downturn making bold decisions to continue with capital investments, whether that's been building new factory facilities or expanding into new operations, all of which are beginning to show positive results and returns.
Kolak’s Chief Executive Officer and founder Ashok Lakhani commented “We are absolutely thrilled to win this highly prestigious award. It is now some 31 years since I started the business with my brother Bharat. We very much see ourselves as a family business with family values and are looking forward to my son Managing Director Rikin growing the business even further in the future.
Charlie Hoffman Managing Director of HSBC Private Bank UK who presented the award said “Family businesses with multi-generational members again appeared to drive success by taking decisions with a longer –term horizon. This is true patient capital”.
Kolak Snack Foods were established in 1984 and are known as one of the most successful snack manufacturers in the UK market place. The business supplies the majority of the high street retailers with Kolak branded and retailer own label snacks. The company has delivered 30 years of unbroken growth and is recognised as a quality producer of competitively priced products. Dedication to its delivering for customers and speed to market has driven Kolak’s growth ahead of the snack category. The company’s turnover has almost trebled from £32 million in 2008 to over £100 million today. Ashok remains extremely ambitious and with his brother Business Director Bharat and son, Managing Director Rikin Lakhani and aims to continue strengthening Kolak’s position as one of the foremost privately owned crisp and snacks producers in the UK.
