Karro Food Group
UK-based buy-out house CapVest today (27 March) announced it is set to become the latest private-equity owner of local pork processor Karro Food Group.
Private-equity group CapVest is nearing a deal to acquire UK pork processor Karro Food Group, just-food understands.
Karro Food Group, the UK pork processor, is to add 140 staff to its plant in Scunthorpe as it prepares to meet increased sales in 2016.
UK processors Karro Food Group and Dunbia have said they are gearing up to start exports of pork products to China.
Northern Ireland pork producers have been provisionally been given the green light to ship to China.
Mondelez International was among a clutch of major players speaking at Barclays' investor conference in Boston this week and the snacks giant set out strategies to try to drive sales. In a busy week of M&A, US bakery giant Flowers Foods bought another organic bread maker, Unilever sold its Indian bakery arm and the owner of Quorn started an auction for the UK meat-free business.
This week, the Barclays Global Consumer Staples Conference took place in Boston with presentations from Mondelez International and Tyson Foods. Nomad Foods also presented and indicated plans to focus on cost-cutting with funds re-invested in the business for growth. Elsewhere, Flowers Foods announced its second acquisition in under a month in organic bread and McCormick & Co. pledged to increase the number of organic and Non-GMO products it sells in the US over the next year. Here is the week in quotes.
Karro Food Group, the UK meat processor, has signalled its interest in acquisitions as it reported a continued improvement in profitability.
Bright Blue Foods, the UK own-label cake supplier, has a new private-equity owner after NBGI Private Equity sold a majority stake in the business to Endless.
UK-based meat processor Karro Food Group has struck a deal to supply pork to the domestic outlets of US fast-casual restaurant chain Chipotle.
UK pork products supplier Karro Food Group has confirmed over 140 staff at its Scunthorpe site will lose their jobs.
UK-based pork supplier Karro Food Group has set out plans to invest GBP10m in production and processing at its operations in the country.
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