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Zwanenberg Food UK takes control of meat firm

Zwanenberg Food UK takes control of meat firm

Zwanenberg Food UK has announced that it has acquired a controlling stake in the Yorkshire-based meat producer Malton Foods.

The firm a subsidiary of Dutch meat producer and exporter Zwanenberg Food Group, currently has 12 plants across the UK, US and the Netherlands and employs 1,600 people.

The company claims to have clocked up annual sales of €350 million (£293.2 million) in 2012, giving it a strong position in the retail and food service segment with cut and pre-packaged meats.

It sells a whole host of products under a variety of brand names to customers, while also exporting canned meat to over 100 different countries.

In a press statement, the firm said: “Zwanenberg Food UK Ltd has acquired a controlling interest in Malton Foods Ltd, trading as Westlers Foods based in Amotherby, North Yorkshire.

“This agreement draws together the experiences and natural synergies of both companies who share a common technological and customer background.”

According to the firm, convenience food company Malton Foods, which is currently trading under the name of Westlers, currently boasts sales of around £25 million.

Products made by the Yorkshire company include hot dogs, hamburgers, ready meals and Mexican snacks for food service outlets, as well as meats and preserves for the retail market, allowing it to cater for supermarkets, schools, hospitals and leisure venues.

Westlers has still had a somewhat turbulent past, having been saved from administration by the acquisition vehicle, Comb Ltd back in 2010, in a move that was backed by the funds from private equity outfit R Capital Partners.

The firm's difficulties mainly arose from an inability to provide money for its pension scheme, although an R Capital spokesman said that it had still invested in the company due to the fact that it was still very "well run".

The terms of the deal between Westlers and Zwanenberg have not yet been disclosed, although the Dutch firm has stated that it has an ambition to reach the top of the deli meats market.

 

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