Speculation continues around Vion
Speculation continues to mount over the potential break-up and sale of Vion’s UK operation, with market commentators pointing towards various private equity-backed management buyouts.
The Dutch-owned co-operative announced last month that it was selling off its UK operations in a bid to concentrate on its core operations in the Netherlands and Germany. The business had been reporting losses on its UK business and had recently hit the headlines after announcing the closure of its pork processing business Hall’s of Broxburn, West Lothian in Scotland.
Reports in the financial press suggest a deal for the pork unit is nearing completion, with the management buyout deal backed by Endless, a Leeds-based private equity firm. The news will be welcome to Vion, as insiders pointed out it was the pork unit that had been the main problem child for the business.
However, neither Vion nor Endless were prepared to comment on the deal as MTJ went to press.
As yet, there has been no news on deals with the red meat and poultry operations, but industry watchers are speculating over whether there might be some retailer involvement in any deal, as the big multiples look to further their interest in vertical integration of their operations.
- private equity
- speculation continues
- pork unit
- leeds based
- management buyout
- based private equity
- leeds based private
- processing business hall’s
- broxburn west lothian
- financial press suggest