Cranswick has agreed to purchase a feed mill in East Yorkshire from AB Agri to additional reinforce its self-sufficiency in pig feed.
The 2 corporations have signed an settlement to switch possession of the Fridaythorpe feed mill, situated close to Driffield, with completion of the deal anticipated within the second half of September.
The Fridaythorpe mill, which manufactures pig and poultry feed, has been an integral a part of ABN’s property since 1998, with a robust group that the corporate stated has been instrumental within the success of its northern operation.
A Cranswick spokesperson stated: “Cranswick has invested closely in pig and poultry manufacturing functionality over the previous 10 years and already operates three animal feed mills in Norfolk, Suffolk and Lincolnshire.
“The acquisition of the Fridaythorpe mill supplies additional functionality within the manufacturing of pig feed aligned to Cranswick’s dedication to put money into and develop its British farming operations.”
Because it usually does with its acquisitions, Cranswick intends to put money into and proceed growing the mill. It’s anticipated that every one present staff will switch to Cranswick as a part of the change in possession.
‘Optimistic transfer’
ABN, a part of AB Agri, described the potential sale of the mill as a ‘constructive transfer for all events’ that can assist it to ‘safe a long-term relationship with a major and rising UK integrator’.
“Whereas I’m unhappy to be handing over such a extremely valued group, I’m assured this settlement will strengthen Fridaythorpe’s manufacturing capabilities and solidify a long-term partnership,” stated Dino Kiriakopoulos, AB Agri Mono UK & IE managing director.
“Extra importantly, it ensures constant and dependable feed manufacturing for patrons within the north shifting ahead.”
Workers on the mill are presently in a interval of session and ABN stated it was dedicated to supporting everybody affected.
ABN has made it clear it has an ambition to be the ‘third-party feed provider of alternative’ to the important thing UK monogastric integrators.
In a communication to ABN employees asserting the deal, Mr Kiriakopoulos acknowledged that ‘tough choices stay as we navigate a difficult market, to find out how we will function most successfully to satisfy the necessities of our key companions’. “To ship our business technique, we should give attention to positioning ourselves as the popular third-party feed accomplice to key monogastric integrators within the UK market,” he stated.
As a part of this technique, it has grown its buyer partnership with Cranswick, doubling its volumes with the corporate up to now 5 years.
