Last checked at (Sharecast News) - Food producer Cranswick confirmed on Wednesday that it is currently engaged in a process regarding the potential acquisition of UK pet food business Inspired Pet Nutrition Limited, which owns the Harringtons and Wagg brands.
The FTSE 250 company said that if successful, it plans to part-finance the acquisition via an equity placing of less than 10% of issued share capital to investors.
"In line with the company's stated long-term growth strategy to expand its product offering through further diversification, Cranswick regularly considers acquisition opportunities," it said.
Cranswick added that there can be no certainty the acquisition will progress and said it will make a further announcement if and when appropriate.
At 1315 GMT, the shares were up 1.3% at 3,520p.
23 Nov 2022 16:23
Director dealings: Cranswick non-executive director makes share purchase
(Sharecast News) - Cranswick revealed on Wednesday that non-executive director Mark Reckitt had acquired 315 ordinary shares in the FTSE 250-listed listed food producer.
Read more