FDBusiness.com

Green Light For Cargill/Faccenda Foods Joint Venture

 Breaking News
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...

Green Light For Cargill/Faccenda Foods Joint Venture

Green Light For Cargill/Faccenda Foods Joint Venture
December 11
13:01 2017

The proposed joint venture between Cargill and Faccenda Foods to create a leading UK food company focused on chicken, turkey and duck is expected to be operating as a standalone business by the end of January 2018. The alliance, which entails Faccenda Foods merging with Cargill’s UK fresh chicken business, has just been approved by the UK Competition and Markets Authority (CMA) after receiving earlier clearance from the European Commission, under the EU Merger Regulation.

The new joint venture will operate as a standalone business, with Cargill and Faccenda taking an equal shareholding. By bringing together two complementary businesses with a track record of success, shared values and a strong reputation in the UK poultry market, the combined venture will have the capability to respond to changing customer needs in the retail and food service sectors with a strategy for growth.

Andy Dawkins, managing director for Faccenda Foods, will become chief executive of the newly formed company. Chris Hall, fresh chicken director for Cargill Meats Europe, will be chief commercial officer of the new joint venture.

The new business plans to employ approximately 6,000 people in the UK, with employees coming from both parent companies. It will operate across multiple agriculture and operational centres, with broad capabilities that span the supply chain focused on operational excellence and customer focused partnerships.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements