Buyer interest invited for turkey seller Bernard Matthews

Fri, 01 Jul 2016 | BUSINESS SALE

Turkey producer Bernard Matthews has been placed on the market, after “disappointing results” over the past 12 months.

The business's owner has brought in PriceWaterhouseCoopers (PwC) to seek potential buyers for the Norfolk-headquartered firm this week. Rutland Partners, which also owns Pizza Hut, and electronics retailer Maplin, bought the company in 2013.

The sale “does not affect the internal operation of the business”, Rutland Partners' executive chairman Alan Jamieson reassured staff when he gave the news in an email. Mr Jamieson added: “Neither does it reduce in any way Rutland’s support for the BM management team as it continues to strengthen and improve the business following the disappointing results achieved over the last year or so.”

Unite union represents about 400 of Bernard Matthews' 2,000 staff, and nevertheless voiced its concern regarding the implications for staff after the news of the upcoming sale, calling for “clarity on what this means for the company and the workers”.

The firm was named after its founder, who started out as a trainee livestock auctioneer in Norwich, and died aged 80 six years ago with an estimated fortune of £300 million. His Golden Norfolk Turkey is still the most popular frozen branded whole turkey eaten at Christmas time in Britain, the website asserts.

Bernard Matthews suffered an outbreak of bird flu in 2007 at its factory in Holton, Suffolk, as was also later hit by the soaring costs of turkey feed in 2011.

Food-related businesses for sale
Finance your business purchase


Share this article



Latest Businesses for Sale

Designer & Manufacturer of Consumer Entertainment Robotics (Fast Sale)
UK Wide

Expressions of interest for the business and assets are required by 5pm on 24th July 2019 with bids anticipated shortly thereafter. An opportunity exists to acquire the shares or alternatively the business and assets of this UK based, innovative comp...

Asking Price: Offers Invited
Turnover: £5m+

Manufacturer of Precision Instrumentation Products
UK Wide

*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.

Asking Price: Offers Invited
Turnover: £1,900,000

Manufacturer of Nets
South West, UK

Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...

Asking Price: £450,000
Turnover: £522,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
21
 
Sep
 

Cycle retailer seeks buyer | BUSINESS SALE

Evans Cycles have entered the market and are on the hunt for...

 
15
 
Jun
 

Cumbria hotel on sale for an undisclosed price | COMMERCIAL PROPERTY

A Georgian hotel from the 19th century has been put on the m...

 
11
 
Jun
 

Upholstery chain falls into administration | ADMINISTRATION

Fabb Sofas, the furniture retailer founded in 2016 by billio...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources