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March 28, 2022

Banham Poultry acquisition by 2 Sisters Food Group owner cleared by CMA

Ranjit Singh Boparan's investment vehicle made a move for Banham last October.

By Simon Harvey

Banham Poultry is officially in the hands of Ranjit Singh Boparan, the president and owner of UK chicken giant 2 Sisters Food Group, following clearance of the acquisition by the country’s competition body.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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The Competition and Markets Authority (CMA) announced it had rubber-stamped the deal on Friday (25 March) after launching a merger inquiry in January on the back of an initial review of the transaction in November.

Boparan’s own investment vehicle Boparan Private Office made a move for Banham Poultry last October, although the purchase price was not revealed.

Banham, based in Norfolk in eastern England, has an annual turnover of around GBP100m (US$131.3m) and sells 650,000 chickens a week. Since 2018, the company has been owned by Chesterfield Poultry, which bought it out of administration.

The business, which has its own hatchery and transport department, supplies fresh and frozen chicken to major supermarkets and wholesalers throughout the UK.

A Banham Poultry spokesman said: “This news now means we can look forward to building a successful company and opening up a new chapter for Banham Poultry. We’re very excited about becoming part of the wider Boparan group and the potential to grow and develop our business.”

Boparan also separately owns UK poultry business Bernard Matthews, which is also based in Norfolk. He acquired that business in 2016.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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