Business
Acquisition of leading pig farming business
Acquisition of leading pig farming business.
About this update from Cranswick Plc
[{"type":"text","content":"\n \nRNS Number : 5481C Cranswick PLC 11 February 2020 \n\n11 February 2020\n \n \nCranswick plc\n \nAcquisition of leading pig farming business\n \nCranswick plc (\"Cranswick\" or \"the Company\" or \"the Group\"), a leading UK food producer, announces that it has acquired the Buckle family's pig farming and rearing operations as well as the family's 50% share of the White Rose Farms Limited pig production joint venture set up by Cranswick and the Buckle family in 2018. The enlarged pig enterprise, to be known as White Rose Farms, specialises in the production of Red Tractor assured pigs in Yorkshire and will continue to be led by Rick Buckle.\n \nFollowing the acquisition of Packington Pork in December, which specialises in British free range and outdoor pigs, today's transaction further increases Cranswick's self-sufficiency in UK pigs processed to over 30%. The transaction reinforces Cranswick's commitment to a sustainable and traceable farm to fork operation, in line with its Second Nature strategy. \n \n \n \nAdam Couch, CEO of Cranswick, commented: \n\"I am pleased to announce today's transaction, which further reinforces our strategic commitment to supporting and growing the British pig farming industry. We have worked with the Buckle family for over 25 years and we are delighted to welcome Rick, as Managing Director of White Rose Farms, and the wider team to Cranswick.\"\n \n \n \nEnquiries:\n \n\n\n\n\nCranswick plc\n\n\n01482 275 000\n\n\n\n\nMark Bottomley, Finance Director \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nPowerscourt\n\n\n020 7250 1446\n\n\n\n\nNick Dibden / Lisa Kavanagh\n\n\[email protected]\n\n\n\n\n \n \nNotes:\n1. Cranswick is a leading and innovative supplier of premium, fresh and added value food products. The business employs over 11,000 people and operates from sixteen well invested, highly efficient production facilities in the UK. The Group produces a range of high quality, predominantly fresh food, including fresh pork, poultry, convenience and gourmet products. Through the Group's four primary processing and twelve added value processing facilities the business develops innovative, great tasting food products to the highest standards of food safety and traceability.&n...