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.
This is a unique opportunity to acquire a well-established wholesale fabric distributor with over 40 years of experience in the industry, located in Yorkshire.
A rare opportunity to acquire a highly successful and well-established restaurant near the historic Hampton Court Palace.
LEASEHOLD
An established MOT and service centre positioned in the vibrant community of Portslade, Brighton, presents a unique opportunity for investment in East Sussex's automotive service industry.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.