Sector News

Cranswick buys Benson Park

October 23, 2014
Consumer Packaged Goods
Cranswick, the Yorkshire-based food producer, today announced that it had acquired the issued share capital of Benson Park.
 
Benson Park is a producer of premium British cooked poultry. It supplies ingredients to customers who operate in the “food to go” sector of the retail multi-channel, convenience and foodservice markets.
 
In a statement, Cranswick said: “This strategic acquisition moves Cranswick into a new protein sector broadening both the group’s product range and its customer base.”
 
Benson Park operates from a purpose built facility in Hull and employs around 90 staff.
 
The transaction will be funded from Cranswick’s existing debt facilities and is expected to be “modestly earnings enhancing” in the current financial year.
 
Adam Couch, the chief executive of Cranswick, which is also based in Hull, said: “A key component of the group’s long term growth strategy is to develop new product channels in its core UK market both in pork and other proteins.
 
“Today’s announcement represents important progress in that objective. This strategic investment moves Cranswick firmly into a new protein category with a well invested business that has a strong presence, supplying premium poultry products, in the fast growing food to go sector.
 
“David Park, the managing director, will remain with Benson Park and we welcome David and his team to Cranswick and look forward to working with them to further develop the business.”
 
John Hamer and Jon Healey, both in the corporate department at Walker Morris, advised the sellers.
 
Rollitts acted for Cranswick
 

comments closed

Related News

April 26, 2024

Haleon names new Finance Chief and new CHRO

Consumer Packaged Goods

Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.

April 26, 2024

Campari to double Aperol production capacity with €75m investment

Consumer Packaged Goods

The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.

April 26, 2024

Coca-Cola enters $1.1bn strategic partnership with Microsoft

Consumer Packaged Goods

The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.

How can we help you?

We're easy to reach