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March 5, 2013
 

Vion sells red meat, poultry businesses to Boparan Holdings

 


VION NV has reached an agreement with Boparan Holdings Limited, the holding company for 2 Sisters Food Group, for the sale of its red meat and poultry divisions.

 

The announcement follows the strategic decision VION announced on November 19 that it was selling its UK food operations to focus on its core food activities in the Netherlands and Germany and its global ingredients business and the subsequent management buy-out of its UK pork activities in January of this year.
 
Ranjit Singh, Chief Executive of 2 Sisters Food Group, said, "We are delighted to be acquiring VION's UK's poultry and red meat businesses. They have faced significant uncertainty and tough trading in recent months, but today's acquisition secures a viable future. With the majority of the operations being in Scotland and Wales, we are delighted that the Scottish and Welsh governments are supportive of this deal and we look forward to working with them and developing a sustainable future for these businesses."
 
The acquisition will safeguard a key supply chain for high quality British poultry and meat, offering reassurance to farmers in England, Scotland and Wales and upholding the quality and provenance that UK consumers deserve.
 

Edwina Hart AM, Welsh Business Minister, said, "I welcome today's announcement that 2 Sisters is to acquire VION's poultry and red meat businesses, which safeguards the future of their operations in Wales. We have been working closely with both VION and 2 Sisters to help secure this deal in order to sustain the future for the workers and the supply chain in Wales."

  

John Swinney MSP, Secretary for Finance, Employment and Sustainable Growth in the Scottish Government, said, "I welcome the decision by the 2 Sisters Food Group to buy VION. Today's announcement is a significant step forward and my officials and I look forward to working with 2 Sisters over the coming months in order to secure a sustainable future for the plants in Scotland. This is a time of significant opportunity in building the food sector in Scotland and the involvement of 2 Sisters assists that process."

 

VION continues to explore opportunities for its Welsh Country Foods business which is currently in a 90 day consultation process following its key customer delisting it as a supplier.

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