Poultry producer Faccenda consolidates position with new acquisition
Faccenda Group, one of the UK’s leading fresh poultry suppliers has bought the UK’s second-largest turkey producers Cranberry Foods, in a deal that will see it boost its turnover to £400m and become one of the UK’s largest food manufacturers.
Faccenda Group, which is a privately owned family business, employs 2,000 people in hatcheries, farms, feed mills and processing plants across the UK.
Cranberry Foods employs around 750 people and supplies the UK’s leading supermarkets and foodservice sector. It has processing plants in Scropton, Derbyshire and Abergavenny, South Wales and a farming operation, which stretches from Yorkshire to South Wales. The company has a turnover of around £100m.
Andy Dawkins, managing director of Faccenda Group, said: “This is an exciting and important acquisition for Faccenda and its employees, making us one of the UK’s largest food producers. The clear synergies between our two businesses mean our customers will continue to enjoy an expert and trusted service, while allowing us to grow the scale and range of our products.”
Cranberry Foods’ joint managing directors Andrew Lewins and David Horn will remain with the business in their existing positions until a smooth transition into the Faccenda group has taken place.
Andrew Lewins said: “We are delighted to be joining the Faccenda family. They have been a UK success story for many years and share our commitment to British farming. Through this acquisition, Cranberry gains the benefits of being part of a larger food business that seeks to build on its existing strengths and successes. It heralds a new era for Cranberry Foods and its employees.”
David Horn said: “Cranberry Foods has quickly become one of two major turkey producers in the UK since we founded the company in 2003. Our success has been built on a commitment to product quality, service and integrity – all of which we share with Faccenda.”
Faccenda’s recently announced further investment at its Telford and Brackley sites, to create a major cross-sector food business with significant penetration in the UK’s growing retail and foodservice sector. Founded in 1962 as an agricultural business, it operates sites in Northamptonshire and Dudley in the West Midlands, and has a farming base across the south and east of England.