Thu, 17 Nov 2016 | BUSINESS SALE
Cranswick, the gourmet sausage producer, has bought a £72 million turnover Northern Ireland pork processing firm as it looks to grow its presence in the country.
The firm, based in Hull and with annual revenues of around £1 billion, has acquired Dunbia Ballymena, which processes about 7,800 UK farm-assured pigs each week and employs 360 people.
“This acquisition enhances Cranswick's pig processing capability and establishes a significant presence in Northern Ireland,” Cranswick said in a statement.
Dunbia Ballymena has a purpose-built processing plant in County Antrim. In the year to 29 March 2016 revenues were £72.4 million.
Jack Dobson, executive director of Dunbia Limited, will support Ballymena in a consultancy capacity to help ensure a smooth acquisition.
Cranswick chief executive Adam Couch said: "This acquisition strengthens our UK pork processing business and provides us with greater control over our supply chain, ensuring that we can maintain the production and processing of high quality, UK farm assured, pigs which is central to our customer's requirements.
"The management at Ballymena have created long lasting and sustained supply chain relationships and we look forward to building on this and continuing to invest in the facilities, and the team, over the years ahead.
"We welcome Jack and the team at Ballymena to Cranswick and look forward to working with them to develop the business further."
Find food businesses for sale.
Our client is a market-leading print and media management company, utilising changing trends and technologies to remain at the forefront of its sector. Offers invited.
Established for over 37 years, the company has developed a strong industry reputation for providing consistently high-quality and high-performance diving equipment, complemented by excellent levels of customer satisfaction. The company offers a compr...
FREEHOLD
Opportunity to acquire the entire issued share capital of a UK based supplier of infrastructure, power supply, transmission and ancillary equipment to the Security industry. A strategic buyer can benefit from the Company's extensive product range and...
|
17
|
|
Oct
|
SYNETIQ acquires motor remanufacturer Motorman | BUSINESS SALE
Salvage and vehicle recycling company SYNETIQ Limited has ac...
|
17
|
|
Oct
|
Sealant company makes its first acquisition in Yorkshire | BUSINESS SALE
SD Sealants, a sealant and cosmetics repair business headqua...
|
16
|
|
Oct
|
Automotive supplier completes MBO | MBO/MBI
An automotive products supplier located in South Yorkshire h...
Sign up to receive our acquisition alert emails to get your FREE guide
|
23
|
|
Oct
|
Food maker Cranswick buys cooked poultry product firm | MERGER
The food producer behind Bodega and Weight Watchers, Cranswi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources