Acquisition of leading integrated poultry business
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.
Crown is a leading integrated poultry producer based in East Anglia. It breeds, rears and processes fresh chicken for supply into a broad customer base across grocery retail, food service, wholesale and manufacturing channels. Crown also has a well invested and efficient milling operation which satisfies all of the business’ own feed requirements as well as supplying feed to other pig and poultry producers in East Anglia.
11 Apr 2016 READ MORE >