Sector News

2 Sisters to invest in UK Poultry and Fox’s Biscuits

May 28, 2019
Food & Drink

2 Sisters Food Group has announced a series of actions as part of its transformational strategy to turnaround the business, as outlined in its ‘Framework for Success’ revealed last August.

The food manufacturer is making further investments in its UK Poultry and Fox’s Biscuits businesses and will seek to reduce the number of its UK Poultry sites in order to increase the efficiency of its supply chains.

Ronald Kers, who replaced Ranjit Singh as CEO last year, said, “Our stated strategy is to become the number one poultry plus business in Europe and for several months now we have been engaged in a strategic review to facilitate our delivery on this, focussed on improving execution, reducing cost and building a better organisational culture.

“But there is now a pressing need to accelerate our turnaround so we can further increase the performance of our business. That’s why we’re keen to invest where we see potential growth: our UK Poultry business will benefit from this further investment and work which has already started to get Fox’s Biscuits in shape for the future ramps up to the next level with some major investment around automation, marketing and product innovation.

As part of an on-going review of the company’s loss-making sites, the company is proposing the potential closure of its UK Poultry business Witham processing site in Essex and has begun a consultation process with the view to redeploying staff to other sites in the group.

Kers said, “We’re all acutely aware that some of our plans, such as reducing our UK poultry footprint, brings uncertainty for colleagues, and it is with regret that we have to make such proposals. But the alternative of doing nothing and hoping for an upturn is not an option.”

In March, the group offloaded its Green Isle Brands frozen food business in an effort to strengthen its balance sheet.

By Matt Ferris

Source: FoodBev

comments closed

Related News

December 3, 2022

AI central to Nestle’s innovation overhaul

Food & Drink

Nestle SA has accelerated its product development process by 60% since 2016, according to the company. The faster speed to market has been achieved through a restructuring of its research and development process. Now the company is investing in various forms of artificial intelligence (AI) and machine learning to further improve its R&D process and generate better results.

December 3, 2022

Takeover on the horizon? Brenntag makes preliminary indication of interest for Univar Solutions

Food & Drink

German chemicals distributor Brenntag has confirmed potential takeover talks with US rival Univar Solutions and is understood to be debating the feasibility of a potential acquisition in the coming months. Univar Solutions confirms that it has received a preliminary indication of interest from Brenntag regarding a potential transaction.

December 3, 2022

Cargill announces purchase of Owensboro Grain Company

Food & Drink

Cargill has announced the acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Kentucky. The purchase of the Owensboro-based company will support Cargill’s efforts to “modernise and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets”.