Thu, 23 Oct 2014 | MERGER
The food producer behind Bodega and Weight Watchers, Cranswick, has purchased a rival poultry product maker, Benson Park.
Benson Park produces premium British cooked poultry products and supplies to customers in the “food to go” part of the retail food markets from its purpose-built factory in Hull. It has about 90 staff members and reported revenues of £41.1 million for the year to 31 August.
The purchase will be funded from Cranswick’s existing debt facilities and is forecast to be “moderately earnings enhancing” during this financial year.
On the deal Cranswick said in a statement: “This strategic acquisition moves Cranswick into a new protein sector broadening both the group’s product range and its customer base.”
Cranswick’s chief executive Adam Couch explained that an important part of the company’s long-term strategy is to “develop new product channels in its core UK market both in pork and other proteins”. Its acquisition of Benson Park is in line with that objective.
Benson Park’s managing director David Park and his team are to stay with the company and transfer to Cranswick.
Cranswick, which has won many accolades for its foods, is also behind the Woodall’s, Simply Sausages, Red Lion Foods and The Black Farmer brands.
Benson Park produces foods that can be used for sandwich fillings, pre-prepared salads and ready meals.
_______________________________________________________________
Related information:
Food businesses for sale
The company’s comprehensive service encompasses the design, installation and ongoing maintenance of bespoke fire-suppression systems. Key partnerships are in place with market-leading suppliers, which enable the business to implement high-quality, sa...
This well-established home improvement provider, based in the Midlands, boasts over thirteen years of operating history and a loyal customer base, with most projects stemming from repeat business and recommendations.
Opportunity to acquire a well-established private dental practice boasting a highly loyal patient base and a large, stable Denplan list of over 1,500 patients.
LEASEHOLD
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.