Red meat supplier Pilgrim’s Europe has announced its intention to acquire Walkers Deli & Sausage Company from Samworth Brothers.
The acquisition has been announced subject to approval by the Competition and Markets Authority (CMA) and employee consultation.
Walkers Deli & Sausage is a producer of pork products, with a heritage dating back to 1824. It operates in Leicester and employs approximately 1,150 colleagues.
The acquisition was said to represent an “important strategic step” for Pilgrim’s Europe, aiming to strengthen its position within the UK food industry and expand its presence in value-added pork categories.
According to Pilgrim’s Europe, Walkers Deli & Sausage has a “highly complementary portfolio” spanning premium sausages, sliced cooked meats, cooked bacon, snacking products and pâté.
Ivan Siqueira, president of Pilgrim’s Europe, said: “Walkers Deli & Sausage is a fantastic business with a proud heritage, a highly skilled team and a strong reputation for quality and innovation.
“This acquisition is a natural strategic fit for Pilgrim’s Europe. We already have a well-established supply relationship with Walkers Deli & Sausage and see significant opportunities to build on the strengths of both businesses.
“By bringing Walkers Deli & Sausage into Pilgrim’s Europe, we will further strengthen our integrated supply chain, expand our presence in attractive premium pork categories and enhance our ability to serve customers across the UK. We are excited about the opportunities ahead and look forward to welcoming Walkers Deli & Sausage colleagues to the Pilgrim’s family following completion of the transaction.”
Samworth Brothers chief executive Simon Wookey added: “Walkers Deli & Sausage is an outstanding business that has made a significant contribution to Samworth Brothers over many years. As the protein sector has become increasingly specialised and integrated, we believe Walkers Deli & Sausage is well positioned for its next phase of growth as part of a business with protein at its core and expertise across the supply chain.
“This transaction enables Samworth Brothers to focus investment on the significant growth opportunities we see across Food to Go, Savoury Pastry, Meals and our portfolio of Brands. We are incredibly proud of what our Walkers Deli & Sausage colleagues have built and grateful for their contribution. We are confident this move provides a strong platform for the business’s future success.”
