FDBusiness.com

Profit-making Produce World Announces Organic Grower Acquisition

 Breaking News
  • Hilton to Purchase 50% of Leading Vegetarian Manufacturer Hilton Food Group, the leading specialist international food packing business supplying major food retailers in Europe and Australia, has agreed to purchase a 50% shareholding in Dalco Food, a leading vegetarian product manufacturer based in Oss, the Netherlands. Hilton has agreed to enter into a joint venture agreement with Dalco’s shareholders, which includes an option [...]...
  • Great British Cheese Awards Winners Announced The winners of the Great British Cheese Awards have been announced. The Great British Cheese awards were established three years ago to celebrate the best of British cheese produced and distributed by independent cheese makers and retailers and this year, both established artisan brands and new cheesemakers have taken top awards. The category winners are: Artisan Producer – Tenacres, [...]...
  • Over 90% of Sampled Salt Brands Globally Found to Contain Microplastics Over 90% of sampled salt brands globally were found to contain microplastics, with the highest number coming from salt sourced in Asia, according to a new study co-designed by Kim, Seung-Kyu, Professor at Incheon National University and Greenpeace (www.Greenpeace.org) East Asia.[1] The study, which has been published in Environmental Science & Technology, a peer-reviewed scientific journal, [...]...
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...

Profit-making Produce World Announces Organic Grower Acquisition

Profit-making Produce World Announces Organic Grower Acquisition
March 12
11:36 2015

The Produce World Group has announced a third successive profitable year, the acquisition of leading organic grower Taylorgrown, and a streamlining of its management board.

This  continued the trend of recent years by delivering profits of just over £4 million on a slightly reduced turnover of £172 million for the year to the end of June 2014. This covers the period before the recent acquisitions of organic roots supplier TIO and Fenmarc’s roots division.

The UK’s largest grower and supplier of fresh vegetable has also announced a streamlining of its management structure and the addition of Taylorgrown Ltd to the Produce World Group.

Neil Fraser, chairman and chief executive, says: “Retailing is more competitive than it has ever been and there have been big changes in the way that consumers shop which have impacted on volumes. Only the most efficient and agile businesses will thrive in this environment. We have done well to deliver a good performance over the past three years, but we cannot afford to rest on our laurels. The strength of the business over the past three years has put us in a position to make the acquisitions announced in 2014 and to go ahead with the recently announced restructuring proposals including our planned joint venture with LFP.

The Produce World Group announced the acquisition of TIO, a Scottish organic roots supplier, in July 2014, and the roots division of Fenmarc based at Swinderby, Lincolnshire in October 2014. In February 2015 it announced that it intended to form a joint venture with LFP for the growing, processing and packing of brassicas. If this goes ahead all processing and packing will take place at LFP’s site at Wykeham, which will be managed by the Produce World Group. It also proposes to move all its conventional roots production to its site at Isleham.

ProduceWorldVegetablesThe acquisition of Taylorgrown will further strengthen Produce World’s position within the organic vegetables sector.

Neil Fraser adds: “The changes we have made to the business in the past nine months have broadened our customer base, increased our penetration in key sectors and helped to grow the business in line with our strategic plan. With the latest proposed changes, the Produce World Group will continue to evolve to meet the challenges ahead.”

The revised management structure will mean that William Burgess becomes vice-chairman and strategy director. While Jason Burgess and Andrew Burgess will take more strategic, ambassadorial and advisory roles as part of the group’s investment board and will be less involved in the day-to-day running of the company.

Neil Fraser continues: “Growing is a core part of our business and the acquisition of Taylorgrown serves to reinforce this. For the Produce World Group our joint ventures with LFP and Tompsett Burgess Growers, our direct relationship with Greenshoots and our partnerships with many other growers, demonstrate that we continue to be heavily involved in growing across the business.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements