13 May 2014 07:00
Crawshaw Group plc
Acquisition of East Yorkshire Beef Limited
Crawshaw Group plc (the "Company") (AIM: CRAW), announces that on 12 May 2014 it acquired 100% of the share capital of East Yorkshire Beef Limited.
This business operates one premium sector butchers shop in Pocklington, east of York which, for the financial year ended 5th April, 2014 generated a turnover of c. £1.1m and profits before tax of £22k. The acquisition gives the Company a foothold in a completely different sector of the market.
The Chairman, Richard Rose comments :
"We are very excited about this new development as it gives us a position in the premium segment of our market and provides both a well established retail store and a new supply chain which we could expand across other potential sites and online if we choose. Furthermore we believe there are operational synergies that can rapidly enhance the profitability of the acquired store."
For further information, please contact:
Crawshaw Group plc |
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Lynda Sherratt | Tel: 01709 369 602 |
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WH Ireland Limited | Tel: 0161 832 2174 |
Katy Mitchell |
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