Faccenda to acquire Cherry Valley Foods
Faccenda to acquire Cherry Valley Foods
Faccenda Foods has entered into an agreement with Cherry Valley Farms with the intention of purchasing their duck processing business Cherry Valley Foods by the end of December 2014.
Faccenda’s purchase of Cherry Valley Foods set to strengthen its market as the only UK supplier of chicken, turkey and duck.
Faccenda Foods currently has a £400m turnover and 3,000 employees across its chicken and turkey operations, delivering fresh and convenience food to the UK retail and foodservice sectors.
Cherry Valley Foods is a successful duck producer with a turnover of £45m and 320 employees. Its facilities include a factory in Caistor supported by a local agriculture operation of farms and a hatchery. It is one of two major duck producers in the UK and has a strong reputation in the food service sector.
Faccenda’s managing director, Andy Dawkins said: “The planned acquisition of Cherry Valley Foods will, says strengthen Faccenda Foods’ market position, as the only UK supplier of chicken, turkey and duck creating further opportunities for growth in all three areas across a broader customer base.
“Between now and the end of December, the management teams of both businesses will work closely together to finalise the acquisition and ensure a smooth transition.”
The deal would follow a number of investments by Faccenda Foods following its entry into the turkey market in 2012 with the acquisition of Cranberry Foods and the building of a £35m, 125,000 square foot advanced processing plant at their Telford site, which will be fully operational in 2015.
