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

Accountancy Practice
Norfolk, UK Wide

The practice has been around for over two decades with virtually zero DB transfer exposure and a focus on financial planning. The Practice represents one of the cleanest Businesses you’re likely to see anywhere on the marketplace at this time. Number...

Asking Price: £750,000
Turnover: £300,000

Manufacturer of Niche Agricultural & Engineering Products
West Midlands, UK

This well-established manufacturer for sale has been trading for over 185 years and has built up a considerable niche business for agricultural and engineering products for a cross-section of industry sectors. The business to be sold is ideal for acq...

Asking Price: Offers Invited
Turnover: £1,700,000

Wealth Management Firm
Hampshire, UK Wide

Highly Profitable Wealth Management Firm. Great Staff Base Who Will Remain and Continue to Manage the Clients. Established: 25 to 30 years. Number of staff: 5 to 10. Offers invited.

Asking Price: £4,500,000
Turnover: £1,400,000


View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

 
20
 
Feb
 

Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
13
 
Aug
 

Forensic science equipment supplier completes MBO | MBO/MBI

A private equity firm has backed the management buyout of a ...

 
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...

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