Boparan Holdings

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Deal or no deal: How a frozen sale makes sense for Kerry

24 Nov 2014

Kerry Group is reportedly mulling the sale of its frozen food business. The company has seen strong sales and profit momentum at its ingredients unit but endured a lacklustre performance from the consumer foods side of the business. In this context, it makes sense for the Irish company to pare down peripheral and under-performing areas of Kerry Foods. Katy Askew reports.

2 Sisters Food Group posts higher annual losses

18 Nov 2014

Boparan Holdings, the owner of UK company 2 Sisters Food Group, has reported annual higher losses after its bottom line was hit with restructuring charges.

UK: Mixed Q3 results at Boparan Holdings

16 Jun 2014

Boparan Holdings, the parent company of 2 Sisters Food Group, has reported mixed third-quarter results, with higher underlying operating profit but the cost of closing sites hitting its bottom line.

UK: 2 Sisters parent sees profit pressure as sales jump

17 Dec 2013

Boparan Holdings, the owner of 2 Sisters Food Group, has booked a decline in first-quarter operating profit due to one-off costs associated with factory closures and efforts to integrate Vion's UK operations.

UK: 2 Sisters to cut over 200 jobs at Coupar Angus plant

21 Nov 2013

UK food firm 2 Sisters Food Group is to cut around 200 jobs at its Coupar Angus poultry facility in Scotland.

UK: Boparan FY margins dented by protein focus

29 Oct 2013

An increased focus on proteins, the "transformational" acquisition of Vion's business in the UK and the fallout of the horsemeat scandal have dented full-year earnings at 2 Sisters parent Boparan Holdings.

UK: Vion, horsemeat hit Boparan Q3 earnings

25 Jun 2013

The acquisition of Vion's business in the UK, which remains loss-making, as well as the fall-out of the horsemeat saga have hit third-quarter earnings at 2 Sisters Food Group parent Boparan Holdings.

UPDATE: UK: Unite "disappointed" at Welsh Country Foods closure

12 Apr 2013

Unite, the union representing workers at the now closed Vion UK site Welsh Country Foods, has said it is "disappointed" with the way the firm has let the business "slip away".

UK: Vion's Welsh Country Foods lamb unit to close

12 Apr 2013

Vion-owned Welsh Country Foods is to close its lamb processing business in Anglesey, putting 310 jobs on the line.

Deal or no deal: The likely suspects to acquire Burton's Biscuit Co.

8 Apr 2013

The private-equity owners of Burton's Biscuit Co. are "considering options" for the UK's second-largest biscuit maker, a process that could lead to an eventual sale. Katy Askew takes a look at the players for whom an acquisition of Burton's could hit the sweet spot.

UK: 2 Sisters owner Boparan records Q2 loss

19 Mar 2013

Boparan Holdings, the parent company of UK firm 2 Sisters Food Group, has reported second-quarter losses of more than GBP7m (US$10.6m) and said it remains cautious about trading conditions.

Quote, unquote: just-food's week in words

11 Mar 2013

Earnings results continued to pour in last week with retailers Carrefour, Delhaize and Waitrose amongst those issuing sales and profit figures. Delhaize told analysts there was work still to be done in the US, while Carrefour insisted it has to invest in order to build on signs of improvement. Elsewhere, Vion was bought by Boparan Holdings, and a BBC investigation uncovered evidence of horse smuggling from Ireland to the UK.

Editor's choice: the highlights on just-food last week

11 Mar 2013

In a week of results from major retailers, Carrefour cheered the market with improvement in France, upmarket UK grocer Waitrose highlighted its strong year and Belgium's Delhaize insisted its business in the US would improve. Elsewhere across the Atlantic, meat processor Smithfield Foods faced calls from a major investor to consider dividing in three.

In the spotlight: Boparan continues M&A march with Vion buy

5 Mar 2013

Boparan Holdings, the parent company of 2 Sisters Food Group, has continued its drive to rapidly expand its footprint with the announcement that it has acquired the remaining Vion meat businesses in the UK. Katy Askew takes a look at how ambitious 2 Sisters hopes to succeed in a market where Vion struggled.

Comment: Horsemeat saga exacerbates ready meal sales decline

5 Mar 2013

Nearly two months into the horsemeat scandal that has rocked the food industry, UK figures highlighting a sales slowdown in ready meals raise the question of whether this is a temporary blip or a long-term structural decline.

UK: 2 Sisters acquires Vion UK units

4 Mar 2013

Boparan Holdings Limited, the holding company for 2 Sisters Food Group, has acquired Vion's poultry and red meat processing businesses in the UK.

UK: 2 Sisters' Boparan Holdings reports mixed Q1

20 Dec 2012

Boparan Holdings, the parent company of UK firm 2 Sisters Food Group, made a net loss in its first quarter due to site closure costs but underlying profits were up.

UK: FY profit at 2 Sisters parent Boparan Holdings

1 Nov 2012

Boparan Holdings, the parent company of UK firm 2 Sisters Food Group, has moved into the black in its last financial year when its sales grew ahead of the market.

UK: Boparan sells Christmas pudding asset

26 Oct 2012

Boparan Holdings has agreed to sell its Avana christmas pudding unit to Sargents Bakeries to settle competition concerns over its acquisition of Brookes Avana from Premier Foods.

UK: Boparan mulling sale of Avana Christmas puddings

21 Mar 2012

UK food group Boparan Holdings is considering selling its Avana Bakeries' Christmas pudding business to assuage competition concerns over its GBP30m acquisition of Brookes Avana from Premier Foods plc.

UK: Boparan Holdings cautious on margins

26 Jan 2012

UK food manufacturer Boparan Holdings has warned stubbornly high commodity costs and increased competition over Christmas has weighed on its margins in recent weeks.

2011 in review - M&A activity fails to meet expectations

22 Dec 2011

A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.

IRELAND: Greencore reports drop in FY profits

6 Dec 2011

Irish food group Greencore today (6 December) reported a drop in annual profits as costs linked to its aborted merger with Northern Foods hit the company's bottom line.

UK: 2 Sisters announces management changes

15 Nov 2011

UK-based 2 Sisters Food Group today (15 November) announced two senior appointments.

The just-food interview - Brian Stein, Samworth Brothers

30 Sep 2011

Privately-owned Samworth Brothers is one of the UK's largest chilled food producers, owns the Ginsters brand and makes own-label convenience food for the likes of Tesco and Waitrose but it operates away from the public eye. Dean Best spoke to CEO Brian Stein about the company's development and its ambitions.

IRELAND/UK: Greencore set to buy Uniq

12 Jul 2011

Irish food group Greencore looks set to buy Uniq after tabling a GBP113m (US$178.8m) takeover offer for the UK desserts-to-sandwiches maker.

UK: Allen named 2 Sisters chairman

12 Jul 2011

Charles Allen, the former chief executive of UK broadcaster ITV, has been named chairman of 2 Sisters Food Group.

UK: 2 Sisters posts net profit decline

11 Jul 2011

UK-based 2 Sisters Food Group has reported a decrease in annual profits despite seeing turnover rise over the period.

UK: Northern Foods considers Leeds office closure

19 May 2011

Northern Foods is considering closing its Leeds office and moving the majority of the staff to a shared service centre in Wakefield.

UK: Northern plays down Boparan link to Hyslop exit

12 May 2011

Northern Foods has played down claims that executive Ed Hyslop left the business due to changes instigated by new owners Boparan Holdings.




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