Chilled and frozen food manufacturer Peter’s has acquired food distributor Glanbia Food Service (GFS) from its Irish parent for an undisclosed sum.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The deal with Glanbia basically doubles the size of Cardiff-based Peter’s operations. GFS employs 500 people in its Tamworth, Staffordshire-based central distribution facility and eight other regional depots.
Following the deal, Peter’s will control a 1,600-strong workforce and generate an annual turnover of around £200m (US$313m).
John Griffiths, chairman of Peter’s Food Service, commented: “The acquisition not only enhances the service that Peter’s currently provides but facilitates more significant expansion of the business to other sectors such as pubs, hotels and leisure.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
