Family owned business with local roots
Whilst Muntons are a ‘plc’ business, their shares are not traded on the stock market as this is a privately-owned company. They are owned predominantly by members of the Wells family, who have been shareholders since Muntons started malt extract manufacture back in the 1920’s. The balance of ownership rests mainly with the staff and directors.
Family ownership engenders a spirit of longevity, with decisions taken for the good of the long term not just for short term benefit. This means that decisions tend to be taken with care and consideration – for people, the planet and of course for profit.
Local communities around the globe are important too. It is from the local area that most of their staff are drawn to work at Muntons, whether at Stowmarket, Bridlington, Bangkok, Singapore or Chicago, they depend on good local talent to keep the company fresh and agile.
Muntons moved to their 45-acre site in Stowmarket in 1948 and their business has grown substantially since that time. They now employ over 250 staff at their Stowmarket head office and a total of well over 300 people around the globe.
It is fair to say that Muntons is a growing business with strong roots, firmly imbedded in the local community.