UK food producer Cranswick Wednesday said it acquired the whole of the issued share capital of Dunbia Ballymena for cash, to enhance its pig processing capability and establish a significant presence in Northern Ireland.
The acquisition, which is being funded from Cranswick’s existing debt facilities, is expected to be earnings neutral in the current financial year and earnings enhancing in FY18.
Dunbia Ballymena, a Northern Irish pork processing business, currently employs 360 people and processes around 7,800 UK farm assured pigs each week.
Source: RTT News
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