Bernard Matthews buyout by 2 Sisters Food Group Chief Exec
Thu 22 Sep 2016
Ranjit Singh Boparan, Chief Executive of Wakefield based 2 Sisters Food Group has purchased Europe’s largest turkey producer and global brand name, Bernard Matthews.
Despite initial reports saying 2 Sisters Food Group had bought Bernard Matthews, a tweet from 2 Sisters stresses the purchase was made directly by the Boparan Private Office, and the deal had been headed by Ranjit Boparan.
The acquisition was completed on the 20th September and it is speculated that the move will secure 2,000 jobs at the Suffolk and Norfolk sites.
2 Sisters Food Group is a privately owned English based food manufacturing company, with their head office based at Trinity Business Park, Wakefield.
Established in 1993 by entrepreneur and current chief executive, Ranjit Singh Boparan, as a frozen retail poultry cutting operation, it has grown rapidly through acquisition and expanded to cover 36 manufacturing sites in the UK, six in the Netherlands, 5 in Ireland and 1 in Poland.
Primarily a private label manufacturer for retailer and food service markets, the acquisition of Northern Foods in 2011 gave the Group ownership of brands like Fox's Biscuits, Goodfella's Pizza, Holland's Pies, Matthew Walker Christmas Puddings, Donegal Catch and Green Isle.
It is the largest food company in the UK by turnover and the group employs 23,000 people, with annual sales of £3.14 billion. It is listed 7th on the 2016 Sunday Times Top Track 100.