Cranswick, a leading UK food producer, has announced that it has acquired the whole of Dunbia Ballymena for cash.
Dunbia Ballymena is a leading Northern Irish pork processing business which currently employs 360 people and processes around 7,800 UK farm-assured pigs each week.
It operates from a modern, purpose-built facility in Co Antrim, Northern Ireland, and has a strategic, well-established supply chain with strong links to the local farming community. In the year to 29 March 2016, revenues were £72.4m.
For Cranswick, whose activities are focused within the UK and include the processing and supply of fresh pork, sausage, bacon, cooked meats, premium fresh and cooked poultry, the acquisition enhances its pig processing capability and establishes a significant presence in Northern Ireland.
This acquisition strengthens our UK pork processing business and provides us with greater control over our supply chain
Jack Dobson, executive director of Dunbia Ltd, says he will support Ballymena in a consultancy capacity to help ensure a smooth transition.
The transaction will be funded from Cranswick’s existing debt facilities.
Adam Couch, CEO of Cranswick, said he is “delighted” to announce the acquisition of Dunbia’s Ballymena pork processing business.
“This acquisition strengthens our UK pork processing business and provides us with greater control over our supply chain, ensuring that we can maintain the production and processing of high-quality, UK farm-assured pigs, which is central to our customer’s requirements,” he said.
“The management at Ballymena have created long-lasting and sustained supply chain relationships and we look forward to building on this and continuing to invest in the facilities and the team over the years ahead. We welcome Jack and the team at Ballymena to Cranswick and look forward to working with them to develop the business further.”
Cranswick’s results for the year to 31 March 2016 showed revenues of over £1m and profit before tax of £58.7m.