Faccenda continues expansion with proposed deal for Cherry Valley
Poultry processor Faccenda Foods is to acquire duck business Cherry Valley Foods by the end of the year.
The company announced it will takeover the Lincolnshire duck processing business by the end of December 2014.
The move sees Faccenda extend its poultry portfolio to include chicken, turkey and duck “creating further opportunities for growth in all three areas across a broader customer base”, the company reported.
Faccenda Foods said in a statement: “Cherry Valley Foods is a highly successful duck producer with a turnover of £45m and 320 employees. Its facilities include a factory in Caistor supported by a local agriculture operation of farms and a hatchery. It is one of two major duck producers in the UK and has a strong reputation in the foodservice sector.
“Between now and the end of December, the management teams of both businesses will work closely together to finalise the acquisition and ensure a smooth transition.”
The takeover follows a number of investments by Faccenda Foods, most notably the acquisition of turkey processors Cranberry Foods and the building of a £35m, 125,000 square foot advanced processing plant at its Telford site, which will be fully operational in 2015.
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- work closely together
- faccenda foods
- cherry valley
- valley foods
- strong reputation
- sector “between
- local agriculture operation
- major duck producers
- smooth transition ”the
- foodservice sector “between
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