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.
Highly respected brand within core operational sectors, with almost 30 years of successful trading. Predominantly works with OEMs and MRO distributors, producing a wide range of bespoke components, as well as an ‘off the shelf’ catalogue range. Offer...
FREEHOLD
The business is split into two parts, The Village Bakery, which bakes bread, cobs, rolls, cakes, sausage rolls, pasties, pies etc and sells them retail through The Bakers Shop and wholesale to companies in the local area. The Bakers Shop has many reg...
FREEHOLD
A well-established and respected name within the industry and are designers, manufacturers and installers of shop and factory signs as well as vehicle graphics, exhibition material, flags and flagpoles, labels, CNC machining, Flat bed and roll to rol...
LEASEHOLD
|
20
|
|
Aug
|
EAG construction business snapped up by Elaghmore | BUSINESS SALE
English Architectural Glazing Limited (EAG) has been snapped...
|
19
|
|
Aug
|
Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE
The Griffin Nursery, a children’s day nursery in Bootl...
|
15
|
|
Aug
|
Payroll and HR companies acquired by software group | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to...
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