Food and beverage company Longtable Group has confirmed it will be buying the rest of gourmet food brand Maggie Beer Products for $10 million.

Longtable has owned 48 per cent of the company, which sells cheese, ice cream, pates, fruit pastes and other products, since July 2016.

Maggie Beer, a well-known author and television personality, will join the board of Longtable Group and serve as a brand ambassador for two years.

Longtable is buying the Maggie Beer Products for $8.5 million in cash, $1 million in shares and a convertible note for $500,000.

It said it would raise $15.9 million to buy the company and provide working capital, including a 20 cents a share equity offering to existing shareholders.

It said Maggie Beer Products was set to earn $1.7 million to $1.9 million before interest, tax, depreciation and amortisation this fiscal year.