Tugo’s team are now stakeholders in the business, making them even more invested in strong relationships and developing exciting innovation for clients in hospitality, leisure and education sectors.
Lee Personius, chief executive of Tugo Food, said: “This is good news for the industry as the transition to EOT strengthens our independence, protects our culture and lays the foundation for sustainable growth. Our team has always been central to Tugo’s success, and this move ensures they share in the value they help create.
“We always strive to champion change and do things differently at Tugo and my vision is that this move inspires more businesses in foodservice to consider this model to benefit those at the very heart of their businesses.”
Tugo, which was founded 16 years ago, is already recognised for its workplace culture, holding IIP Gold accreditation, being named one of the Sunday Times Best Places to Work and achieving B Corp certification.