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November 8, 2021

Banham Poultry sale to 2 Sisters boss called in by UK competition watchdog

Boparan already separately owns UK poultry business Bernard Matthews.

The UK’s Competition and Markets Authority (CMA) has announced it is investigating the planned acquisition of Banham Poultry by Ranjit Singh Boparan, president and founder of chicken giant 2 Sisters Food Group

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It was revealed last month Boparan was acquiring Banham Poultry through his Boparan Private Office (BPO) business for an undisclosed sum.

But in an announcement today (8 November), the CMA said it has decided to investigate this transaction and has made an initial enforcement order.

It said it will update the market when its phase one investigation is complete. The CMA has yet to set a date for when that will be.

In a short statement sent to Just Food, a BPO spokesman said: “We have sought regulatory approval from the CMA and will be working with them in the coming weeks on their investigation.”

Banham, based in Norfolk in eastern England, has an annual turnover of around GBP100m (US$137.6m) 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 chicken to major supermarkets and wholesalers throughout the UK.

Boparan’s 2 Sisters business is the largest poultry processor in the UK. He also separately owns UK poultry business Bernard Matthews, which is also located in Norfolk.

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Free Whitepaper
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What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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