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 designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
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.