Leeds-based business consultancy Sentio Partners has advised the Agriculture and Horticulture Development Board (AHDB) on the sale of its carcass classification arm.
Meat and Livestock Commercial Services Limited (MLCSL) has been acquired by Hallmark Veterinary Compliance Services (purchased through parent company Vorenta) to help safeguard the future of classification services across Great Britain.
The deal was approved by farming minister George Eustice and completed on 30 November 2018. It was first proposed in March and has completed following consultation with industry, with an oversight committee now to be established to ensure independence and value for money in the services at abattoirs across the country.
By moving the business into the private sector with a company that has a strong track record of delivering independent services to the meat industry, it will open up opportunities for greater efficiencies and synergies that would not be possible under the current public ownership model and secure the future of the business. In total, 103 staff will be affected by the move but there is not expected to be any jobs lost or disruption in services for customers.
Sentio Partners acted as lead adviser to AHDB on the transaction.
Partner Ian Marwood, who worked on the deal alongside Matt Tollefson, said: “Sentio worked with the board of AHDB over a long period to prepare the business for sale, and then to identify suitable companies that met robust criteria set down by the AHDB board.
“This included value for money, track record of delivering independent services and commitment to the long-term future of the business. I am delighted that these objectives have been achieved and that the business can look forward to a successful future.”