Boparan’s Offer For Northern Foods Declared Unconditional
March 24
11:11
2011
Boparan Holdings, which incorporates the 2 Sisters poultry group, is nearing completion of its £342 million acquisition of Northern Foods. Having now effectively gained control of 79.5% of Northern Foods, the offer has been declared unconditional.
The deal will create a new powerhouse, with a turnover of more than £2 billion, within the British convenience foods market. Indeed, the combined Boparan Group/Northern Foods business will now rival Premier Foods as the UK’s largest domestic food processor.
Northern Foods will now be delisted from the London Stock Exchange and will become a private company.
