Cranswick, a leading UK food producer, announces that it has acquired the whole of the issued share capital of Dunbia Ballymena (“Ballymena”) for cash.
The Group has made a positive start to the current financial year.
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STRONG COMMERCIAL GROWTH AND CONTINUED STRATEGIC PROGRESS
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Cranswick plc announces its audited preliminary results for the year ended 31 March 2016.
Cranswick, the UK food producer, announces today that it has acquired the whole of the issued share capital of CCL Holdings Limited (“Crown”) and its 100% owned subsidiary Crown Chicken Limited from the Thacker family and management. The cash consideration was £40 million, funded from existing bank facilities.
Continued positive trading during the final quarter. The Board continues to expect to report a trading performance for the year ended 31 March 2016 in line with its expectations.
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