The pig processor has acquired UK pig producer Easey Holdings.
Food manufacturer Tulip Ltd has announced the acquisition of UK pig producer Easey Holdings as it looks to ‘Brexit-proof’ its business following a profit turnaround.
Easey Holdings, a family-owned pig farming operation consisting of breeding herds, growing herds, a veterinary practice and a livestock transport business, will retain its existing management and employees and honour existing customer and supplier commitments.
The deal was subject to regulatory approval from the Competition and Markets Authority.
Tulip said consumer demand was increasing for pigmeat produced to high welfare standards with strong provenance credentials and the deal would allow it to ‘further support the UK pig farming industry’.
“This acquisition forms part of Tulip Ltd’s strategic objective to further support the UK pig farming industry, allowing us to more effectively utilise our skills and expertise, capitalising on our industry-leading best practices which have been developed by farmers, vets and other experts within the organisation”.
“We are pleased that the existing management team within Easey Holdings have agreed to remain in place which will ensure we are able to retain the business’ core family values and maintain stability for employees, farmers, suppliers and customers.
“Easey Holdings will continue to operate independently with all existing employees to be retained. Existing customer and supplier contracts and commitments will also be honoured.”
It added the acquisition demonstrated a commitment to the UK by its parent company Danish Crown.
Jais Valeur, chief executive at Danish Crown, said: “Tulip has now successfully completed its profit turnaround and is focusing on cementing the significant progress made during the last year and is planning for the future.
“This acquisition is in that context and is part of a range of measures designed to Brexit-proof the business.”