Vestey scoops up Donald Russell
Online meat retailer Donald Russell has been snapped up by former Dewhurst owner Vestey Foods, in a deal some media outlets are claiming is worth £30m.
Scotland-based Donald Russell said the investment from Vestey would enable the business to build on its “recent trading successes and continue to develop operations”.
The company added the deal would see no changes to the day-to-day running of the business, which would continue to operate out of Inverurie, Aberdeenshire, under the same management.
Hans Baumann, managing director of Donald Russell, commented: “We are very excited by the opportunities Vestey Foods offers the company. Donald Russell continues to flourish, with its most successful trading year yet in 2011, and the support of Vestey Foods will allow us to further develop and invest in the brand. There are strong synergies between our two businesses, each holding the same commitment to the highest quality in terms of corporate values, product delivery, food standards and personal service.
“Only last year, we completed a major £6m investment programme in our new state-of-the-art distribution and fulfilment centre and we can now take advantage of the opportunities a like-minded family business can offer us in the UK and internationally. All the management and staff have welcomed this excellent news, which is not only good for Donald Russell but also for the local community and jobs market.”
George Vestey, CEO of Vestey Foods, said: “We are delighted to be investing in Donald Russell. We have long admired Donald Russell’s combination of traditional specialist butchering skills with a cutting-edge e-commerce and mail order operation and look forward to seeing it flourish and grow in the future.”