Business
Acquisition
Acquisition.
About this update from Nwf Group Plc
[{"type":"text","content":"\n \nRNS Number : 5412Q NWF Group PLC 01 March 2016 \n\nNWF Group plc \nFinal for release 7.00 a.m. 1 March 2016 \n\nNWF Group plc (\"NWF or \"the Group\")\n\nAcquisition in Agriculture\n \nNWF Group plc, the specialist agricultural and distribution business, is pleased to announce it has acquired Jim Peet (Agriculture) Limited, a well-established ruminant feed manufacturer. Jim Peet started trading in 1977 and supplies over 50,000 tonnes of compound and blends to dairy, beef and sheep farmers across the North of England and South West Scotland. \n \nThe business produces a range of compounds and blends from two production sites based at Longtown near Carlisle and Aspatria near Wigton. \n \nThis acquisition delivers strategically important manufacturing facilities to support Jim Peet and NWF feed production. It will supply customers in the North of England and Scotland and complements NWF's existing facilities in the Midlands and South West.\n \n \nRichard Whiting, Chief Executive of NWF Group plc said:\n\"The acquisition of Jim Peet further improves our UK Feeds market share and provides a strategic manufacturing site in the North to support our development plans in Scotland and the North of England. This bolt-on acquisition is in line with our stated growth strategy to expand within Agriculture and we look forward to working with its management team to develop the business further.\" \n \n \nFor further information please visit www.nwf.co.uk or contact: \n \n \n\n\n\n\nRichard Whiting, Chief Executive\nBrendon Banner, Finance Director\nNWF Group plc\nTel: 01829 260 260\n\n\n\n\n\nReg Hoare /Andrew Leach /\nKelsey Traynor\nMHP Communications\nTel: 020 3128 8100\n\n\n\n\n\nJustin Jones /\nMike Bell\nPeel Hunt LLP\n(Nominated Adviser)\nTel: 020 7418 8900\n \n \n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQLLFFTFAIAFIR\n ","length":4097,"tagName":"div"}]