Last checked at 1 Mar 2016 07:00
NWF Group plc
Final for release 7.00 a.m. 1 March 2016
NWF Group plc ("NWF or "the Group")
Acquisition in Agriculture
NWF Group plc, the specialist agricultural and distribution business, is pleased to announce it has acquired Jim Peet (Agriculture) Limited, a well-established ruminant feed manufacturer. Jim Peet started trading in 1977 and supplies over 50,000 tonnes of compound and blends to dairy, beef and sheep farmers across the North of England and South West Scotland.
The business produces a range of compounds and blends from two production sites based at Longtown near Carlisle and Aspatria near Wigton.
This acquisition delivers strategically important manufacturing facilities to support Jim Peet and NWF feed production. It will supply customers in the North of England and Scotland and complements NWF's existing facilities in the Midlands and South West.
Richard Whiting, Chief Executive of NWF Group plc said:
"The acquisition of Jim Peet further improves our UK Feeds market share and provides a strategic manufacturing site in the North to support our development plans in Scotland and the North of England. This bolt-on acquisition is in line with our stated growth strategy to expand within Agriculture and we look forward to working with its management team to develop the business further."
For further information please visit www.nwf.co.uk or contact:
Richard Whiting, Chief ExecutiveBrendon Banner, Finance DirectorNWF Group plcTel: 01829 260 260 | Reg Hoare /Andrew Leach / Kelsey TraynorMHP CommunicationsTel: 020 3128 8100 | Justin Jones / Mike BellPeel Hunt LLP(Nominated Adviser)Tel: 020 7418 8900
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