Ferrero-related company to acquire part of Fox’s Biscuits from 2 Sisters Food Group for US$315m

UK – 2 Sisters Food Group has confirmed that it has sold part of Fox’s Biscuits to a Ferrero-related company in a £246 million (US$315.78m) deal. Under the deal, the Ferrero-related company will acquire the Fox’s manufacturing sites at Batley and Kirkham in UK, which primarily produce biscuits sold under the Fox’s brand. Meanwhile, 2 Sisters will retain the third site at Uttoxeter, which produces own-label biscuits for major retailers. Fox’s Biscuits is a major player in the biscuit sector, making household names such as Rocky Bars, Party Rings, Crunch…

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2 Sisters Food Group appoints Richard Pennycook as new Chairman

UK – Boparan Holdings, the parent company of British food manufacturer, 2 Sisters Food Group, has appointed retail industry heavyweight, Richard Pennycook as the new Chairman of the business. Richard will succeed Lord Charles Allen of Kensington, who has decided to retire from the business. The company said that Richard will join 2 Sisters in early 2020 without giving a specific date. During almost nine years in the non-executive Chairman role, Lord Allen has helped steer the company since its acquisition of Northern Foods Ltd in 2011 to the successful,…

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2 Sisters sells UK-based bakery foods business to Valeo Foods for US$83.48m

UK – 2 Sisters Food Group has entered into an agreement to sell its UK-based pudding business, trading as Matthew Walker to Valeo Foods Group for £67 million (US$83.48m). Headquartered in Derbyshire, Matthew Walker produces a range of bakery products including Christmas puddings, seasonal sponges, cakes and free-from desserts for the retail and foodservice channels. Following the acquisition, Matthew Walker will join Valeo Foods’ portfolio of brands such as Rowse Honey, Barratt, Jacob’s, Fox’s Glacier Mints, Balconi and the the recently acquired Kettle Crisps brand in Europe. Ian Ainsworth, managing director…

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2 Sisters Food Group to close Pennine Foods factory in UK with 600 jobs at risk

UK – The 2 Sisters Food Group has unveiled plans of closing its Pennine Foods ready meal factory in Sheffield, UK in a strategic move to cut down investments in loss making units. The food manufacturer said that it has begun consulting on a possible closure of the site that has been operating at a heavy loss for some time adding that it is unlikely to be able to turn the business around, despite major investment in recent years. “Pennine Foods has undertaken a full strategic review of its business…

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2 Sisters to invest in UK Poultry and Fox’s Biscuits businesses

UK – 2 Sisters Group has announced that it is making further investments in its UK Poultry and Fox’s Biscuits businesses in an effort to drive efficiency and accelerate business transformation. The company is also considering reducing the number of its UK Poultry sites to simplify its business operations across the supply chain while delivering quality products and services. This is part of the business turnaround strategy initiated by the newly elected Ronald Kers who set out ‘Framework for Success’ plan to drive the business back to profitability. 2 Sisters…

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2 Sisters expands Fox’s Biscuits brand with new cookie range in the UK

UK – 2 Sisters group has launched a new cookie range called Double Dough which features two doughs brought together in a single biscuit. The new variant is available in two flavors strawberries and cream, and salted caramel and fudge brownie which the company said has been created to appeal to shoppers’ continued appetite for innovation and interesting flavour profiles. It is available in Sainsbury’s with a recommended retail price of £2 for a pack of eight. “We are excited to launch our brand new Double Dough cookies, which we…

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2 Sisters announces US$9.11 capital investment towards a new meals factory in Carlisle

UK – 2 Sisters Food Group, a food manufacturing company, has announced a US$9.11 million capital investment at its Carlisle prepared meals factory, creating 200 new jobs in a major economic boost to the region. According to the company, the investment programme follows a major contract awarded by M&S to expand its product ranges with 2 Sisters. More than 30 delicious new products will be developed at the site including Gastro and fish meals with vegetable accompaniments. Production of fish meals has already begun while Gastro ranges and vegetable accompaniments…

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2 Sisters Food Group announces major investment in Scottish plant

UK – 2 Sisters Food Group, a privately owned food manufacturing company, has announced a major investment into its Scottish Coupar Angus plant following funding from the Government-backed Food Processing Marketing and Co-operation Grant Scheme. According to the company, the investment secures long-term future for key 2 Sisters site with quality Scottish chicken for UK supermarkets, with at least 250 new roles at Coupar Angus. The company reported that the business can now double the cutting capacity in the portions department. The move aligns with the food group’s strategic aim…

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2 Sisters Food Group’s Chief Financial Officer leaves the company

UK – 2 Sisters Food Group, a frozen retail poultry company, has announced that Richard Pike, Group CFO, has decided to leave the company to pursue opportunities outside the group following internal changes to the Finance function. The company has recently made changes to its programme, and the business had decided to split responsibility for core financial work and M&A project activity. As a result of these changes, Richard Pike has decided to leave the company. 2 Sisters Food Group appreciated Richard for his significant contribution including his involvement in…

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2 Sisters Food Group has announced 300 new permanent jobs

UK – 2 Sisters Food Group, a privately owned food manufacturing company, has invested at its Willand factory and is expanding operations in order to give it a ‘greater ability to process, cut and pack products for its retail customers’. According to the company, the business also aims to take up to 20 new apprentices in butchery. The new recruits would split their roles between Devon and a 2 Sisters Red Meat site in the South-West, so they can ‘hone their skills and ensure the training modules would meet National…

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