Cranswick Sells Stake in Farmers Boy (Deeside) to Morrisons
April 02
09:57
2012
Cranswick, one of the leading UK suppliers of pork products, has sold its 49% stake in Farmers Boy (Deeside) to supermarket group Morrisons for an undisclosed price. Farmers Boy produces 1.5 million packs of sliced ham and poultry products a week from its 175,000 sq ft factory and employs 600 people.
The business was acquired by Morrisons and Cranswick in July 2010 but has been substantially expanded since following investment of about £30 million. The acquisition is in line with Morrisons’ plans to become the UK’s largest fresh food manufacturer by 2015. Morrisons aims to complete a £200 million investment in the expansion of its manufacturing food arm by 2013.
