2 Sisters announces £55m investment
2 Sisters Food Group is to invest £55 million in its Meal Solutions Division, including a £38m revamp of its Pennine site.
The majority of the investment will be used to completely rebuild Pennine Foods in Sheffield, which has reached full capacity with the remainder being allocated to refurbish and expand capacity at its Rogerstone and Carlisle plants.
The 2 Sisters’ Meal Solutions Division produces a range of products including ready meals, soups and sauces which is focused on own-label products.
To avoid disruption for its customers, work at the Pennine site will be done in phases, with some capacity transferring to Rogerstone and Carlisle sites from April 2016. This transferred capacity will remain at those sites to help create the opportunity for new ranges to be produced at Pennine once work is completed at the end of 2017. It is hoped the refurbishment programme will help safeguard up to over 800 jobs at Pennine.
Simon Wookey, divisional managing director at 2 Sisters Food Group, said: “Our investment in the Ready Meal Chilled Division is fully supported and welcomed by our customers. We continue to see an opportunity to drive further market share growth in the ready meal sector supported by a new state-of-the-art factory in Sheffield.
“On average the ‘Chilled Ready Meals’ sector is growing at roughly 3% per annum, and our chilled division is outpacing that growth. It will also create significant opportunities to improve the way we operate as a business while also helping to safeguard and potentially create jobs in all our factories.”
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