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
Heineken has named Guillaume Duverdier as its new regional president for Africa Middle East (AME), effective 1 July 2025. Duverdier will also join the company’s executive team, succeeding Roland Pirmez, who is retiring after 29 years with the brewer.
The transaction, of which the financial terms were not disclosed, includes seven facilities in total: three dry corn milling facilities in Nebraska, Kansas and Illinois; three dry masa facilities in Texas, Indiana and Iowa; and a transload and packaging facility in Mexico. The dry corn milling division will continue to be headquartered in St Louis, Missouri.
As part of the changes, Elizabeth Duggan, current senior vice president and general manager, will now be president of the company’s snacks division as of 12 May, taking over from Chris Foley, who will step down in July after 25 years with Campbell’s.
