UK: Univeg buys top fruit importer Empire World Trade
Belgium-based produce giant Univeg has snapped up Empire World Trade, a UK importer and distributor of top fruit.
Univeg said the deal, struck for an undisclosed sum, would help it grow its business in the UK.
The company has two entities in the country. It runs Univeg UK, which distributes fresh fruit and veg, plus dried fruits, throughout the UK and Ireland. The other, Winchester Growers, grows flowers and potted plants.
The acquisition of Spalding-based EWT gives Univeg's UK arm "an added dimension", the company said.
"With the EWT team on-board we see this as an ideal opportunity to build a significant market share for Univeg's own production in top fruit," Univeg said.
With the new acquisition, Univeg said the joint businesses would become Univeg UK and be managed by Alan Forrester and Mike Harpham, as joint MDs. David Pratt, as the former MD of EWT, will become a director of Univeg UK.
UNIVEG confirms its ambitions in the UK through the acquisition of Empire World Trade
UNIVEG is delighted to announce today the completion of the acquisition of Empire World Trade (EWT). Empire World Trade is a well-respected and leading UK importer and distributor of top fruit located in Spalding, Lincolnshire.
The business reasons for this acquisition are in line with UNIVEG’s continued strategic focus and development of the UK market place. This is an opportunity to provide an added dimension to our product portfolio. With the EWT team on-board we see this as an ideal opportunity to build a significant market share for UNIVEG’s own production in top fruit.
Going forward the joint businesses will be known as UNIVEG UK and will be managed by Alan Forrester and Mike Harpham, as Joint Managing Directors. David Pratt, as former Managing Director of EWT, will become a Director of UNIVEG UK.
Original source: Univeg
- Why Heinz-Kraft merger could herald more deals
- Focus: Can Mars gain share in Indian chocolate?
- The challenges awaiting ConAgra's new CEO
- Analysis: Is Heinz, Kraft merger "a growth story"?
- Where could pure-play Wessanen pounce?
- Mondelez coy on Philadelphia sale rumours
- Aryzta in talks to buy 49% of French grocer Picard
- Innocent to axe veg, noodle pots
- Glanbia quits PZ Cussons Nigeria venture
- Unilever adds butter to Stork to boost UK sales