Sale of Lincolnshire agricultural machinery business saves 68 jobs
Ancora Law moves into former tannery premises in Beverley
South Yorkshire manufacturing supply chain event returns for 2024
Call to establish taskforce to safeguard jobs in North Sea energy transition
Firm sells poultry business in deal worth €200m
Boparan Holdings Limited’s European Poultry business is being sold to the Boparan Private Office in a deal worth more than €200m.
A spokesman said the deal was significant and transformational, and unlocked many opportunities for the future.
The sale strengthens BHL’s 2 Sisters Food Group’s balance sheet, enabling it to reduce debt levels to the lowest point in over a decade. It also activates radical plans for its ‘next generation’ investment programme.
It means the European poultry business, under the BPO, will have a dedicated regional focus on its European markets, unlocking undoubted growth opportunities through a focus on quality, animal welfare and sustainability.
The deal is subject to Polish anti-trust approval with an anticipated completion date this month.
Further investment plans will be announced in due course as this change is embedded and its potential is fully realised in the coming months.
Sheffield BID moves to new offices in Tenter Street’s Pennine Five
Businesses assured they’ll be part of government plans to ‘make work pay’
“The UK currently has one of the least protected labour markets compared to our international partners. It’s time to work together to deliver meaningful reforms that will transform the world of work for the benefit of businesses and workers.”