Thu, 13 Dec 2012 | MBO/MBI
Dutch-based Vion has agreed a management buy-out for the UK pork side of its operations.
The MBO is being led by Seamus Carr, the managing director. Endless, a private equity firm, is backing the deal.
Vion announced its intentions to selll the UK side of its food operations last month. The sale is part of a strategic decision to focus on its core business in the Netherlands and Germany.
Mr Carr commented: “Vion's decision to sell its UK business naturally caused a degree of uncertainty amongst staff, suppliers and customers.
"Therefore, I'm very pleased that we have quickly been able to agree a deal for the pork business which secures the future for our staff, our suppliers and gives our customers a seamless transition.”
He added that the firm's new owners are planning to “maintain the excellent levels of service and product quality which have helped us secure orders from all the major supermarkets and then to build upon the opportunities in the marketplace to grow the business”.
Discussions are said to be ongoing with a number of prospective purchasers for Vion's other UK business units for poultry and red meat.
Sale of a soft home furnishing provider, operating nationwide from a leasehold premises in the East Midlands. Currently a family ran business specialising in the sourcing and import.
The company provides roadside assistance, vehicle recovery and garage workshop facilities, utilising a diverse, varied fleet of specialised vehicles to provide rapid support to clients based across South East England.
The company is a manufacturer of specialist textile products that have a variety of applications, including the aerospace, agricultural, defence, maritime and materials handling sectors, as well as any industries involved in height safety.
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.