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Tulip Ltd adds to its operation

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Tulip Ltd adds to its operation

30/11/11

Tulip Ltd has successfully exchanged contracts regarding the purchase of the shares of the Parkam Foods, Trophy Foods and Freshway Foods businesses and the business of Tranfoods for an undisclosed sum.  

The deal will further strengthen Tulip’s position as the UK’s leading supplier of Pork, Cooked Meats, Bacon and Sausage products to the retail and food service sectors whilst providing the opportunity to gain entry to new Beef and Poultry markets, as well as adding sandwich and sandwich filler production to its existing product portfolio.

Steve Murrells, CEO Tulip Ltd explains; “The deal to buy the companies further strengthens our position as the UK’s leading supplier in our existing categories and at the same time affords us the opportunity to enter new sectors.

“The purchase is a clear signal of our intent to further develop the Tulip business through acquisitive and organic growth.

“We will now be working closely with the companies’ management teams to ensure their smooth transition into the Tulip Group and I am looking forward to the exciting opportunities that the purchase will provide.”

The companies employ around 736 people across Parkam Foods, Tranfoods, Trophy Foods and Freshway Foods and currently supply a range of Beef, Poultry and Pork products as well as sandwich and sandwich fillers to the UK’s retail and food service sectors.

ENDS – November 2011

For further information please contact Ken Wallace on 07966 139797.

WE KNOW ABOUT FOOD

We are a leading food producer in the UK

Providing UK consumers with a huge variety of food products, Tulip is a leading supplier to the retail and food service markets.

From fresh pork, bacon and cooked meats to sausages and canned meats, we pride ourselves on creating high quality food primarily from farms in the UK and Denmark. Our commitment to quality and care exceeds many recognised industry standards.

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