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.
The nursery occupies a prominent position fronting a main road within a well populated residential area, just a short drive from the main commuter route with public transport facilities and the motorway close at hand. Detached children’s day nursery...
FREEHOLD
Family run business since 1929. Wholesale operation and with six retail outlets. This is a retirement sale. Offers invited.
Three affluent trading locations. 129 places combined. One freehold and two leasehold premises. Genuine reason for sale. Offers invited.
|
04
|
|
Jun
|
Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS
The Restaurant Group, which owns chains including Frankie & ...
|
03
|
|
Jun
|
28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE
28 Oddbins stores will remain open after the off-licence ret...
|
02
|
|
Jun
|
Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY
Tile retailer Topps Tiles has agreed the £18.1 million...
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