Tulip Foods a subsidiary of the Danish Crown group has bought UK local pig producer Easey Holdings.
Easey – a Family owned business came to an agreement with Tulip last week for an undisclosed sum. Tulip are continuing to invest in British farming and the commitment is shown by Danish crown in the UK is showing the UK’s market to be one of their home markets.
The Easey management team will stay in place and will operate independently ensuring stability for its employees and suppliers.
Andrew Saunders, agriculture director at Tulip: “This acquisition forms part of Tulip’s strategic objective to further support the UK pig farming industry, allowing us to more effectively utilise our skills and expertise, capitalising on our industry-leading best practices which have been developed by farmers, vets and other experts within the organisation.”
Back in November, Danish Crown said Tulip had been “battling particularly strong headwinds” and stressed “targeted efforts were being made to strengthen the company’s position”.
Jais Valeur CEO of Danish Crown: “Tulip has now successfully completed its profit turnaround and is focusing on cementing the significant progress made during the last year and is planning for the future. This acquisition is in that context and is part of a range of measures designed to Brexit-proof the business.”