(Alliance News) - Cranswick PLC on Monday said it has acquired the Lincolnshire-based dry dog food producer Grove Pet Foods Ltd.
East Yorkshire, England-based Cranswick makes pork and chicken products, including sausages and bacon. It said the acquisition of Grove Pet Foods will allow it to expand into the UK pet food market, and allow opportunities for vertical integration, particularly with its fresh poultry and pork businesses.
No financial details were disclosed.
Grove Pet Foods Managing Director John Walgate will continue to lead the business, which employs around 100 people.
Cranswick Chief Executive Officer Adam Couch commented: "I am delighted to announce the acquisition of Grove Pet Foods, a well-invested manufacturer of dry pet food supplying leading brands focussed on the specialist pet retail market. This acquisition represents a platform for future growth in the attractive UK pet food market and diversification into this complementary category for Cranswick. The existing facility has capacity and a footprint for further expansion."
Cranswick was up 0.6% at 3,652.00 pence in London on Monday morning.
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Cranswick (CWK)