The private equity owner of turkey producer Bernard Matthews, which employs about 2,000 staff across Norfolk and Suffolk, is reportedly seeking a buyer for the business.
Sky News has reported that Rutland Partners, which has owned the company since 2013, has appointed advisers at PwC to find potential buyers.
According to the report, the move comes “amid a turbulent period which has seen delays to supplier payments”.
Bernard Matthews reported pre-tax losses of about £3.7m for the year to 28 June 2015, an improvement from a loss of £8.5m a year earlier, according to its latest accounts filed at Companies House. Turnover for the year fell from £306.8m to £276.7m.
Earlier in 2016, the company appointed Alan Jamieson as chairman of the business. He was previously chairman at CeDo, a manufacturer of household disposable products including refuse sacs, aluminium foil and cling film which is also backed by Rutland Partners.
Source: Insider Media
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
