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2 Sisters deal saves thousands of food jobs

2 Sisters deal saves thousands of food jobs

A takeover deal of UK poultry and red meat processing firm Vion by 2 Sisters has been given the green light, in a move that could save thousands of jobs at plants across the country.

Around 1,600 roles in Scotland have been secured after the Office of Fair Trading (OFT) said that the deal did not break any competition rules.

Vion has processing sites all over the UK and employs a total of 6,000 people. 2 Sisters claimed that the purchase of the company would allow it to meet the growing demand.

The company originally announced its intention to bid for the processing business back in March.

At the time, it was welcomed by various ministers throughout the country, including the Welsh business minister, Edwina Hart, who said the deal would help to secure operations in the country.

A 2 Sisters spokesman said the approval ended the level of uncertainty for employees, customers and farmers participating in the company's production line.

He added: "The deal is good news for UK consumers, who will now benefit from a secure supply of British meat and continued fierce competition amongst the supplier base, with both domestic manufacturers and imported chicken from a number of countries across the world."

The Scottish government has welcomed the deal, with finance secretary John Swinney writing to the firm's chief executive, Ranjit Singh, to express his congratulations on its behalf.

Mr Swinney said: "I am delighted that the OFT have taken a positive decision to back vital investment in Scotland's food and drink industry by 2 Sisters Food Group, safeguarding jobs across the country."

He added that the government had been in contact with the company throughout the process and that Mr Swinney would be meeting with Mr Singh next month to talk about how to develop a strategy for the future of the company.

The group is owned by Boparan Holdings Limited, which also owns Goodfella's frozen pizzas and Fox's biscuits.

 

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