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November 15, 2021

JBS-owned Pilgrim’s Pride snaps up UK meat firm Randall Parker Foods

The move for Randall Parker Foods comes five months after Pilgrim's Pride bought a clutch of UK assets from Ireland's Kerry Group.

Pilgrim’s Pride, the US-based meat firm controlled by Brazil’s JBS, has acquired fellow processing business Randall Parker Foods in the UK.

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The deal for Randall, which includes an abattoir in Wales, and a retail packing facility in south-east England, has been conducted through Pilgrim Pride’s UK arm. Randall, a privately-owned company producing beef and lamb, will be incorporated into Pilgrim Pride’s Dalehead Foods unit.

Financial terms were not disclosed in a statement today (15 November), confirming all Randall’s 350 employees, including the management team, will be retained.

Andrew Cracknell, the CEO of Pilgrim’s UK, said: “Randall Parker Foods has a strong reputation as a processor of quality lamb and, having worked with Dalehead Foods for almost 30 of the 40 years we have been producing lamb products, this acquisition is a natural fit for both organisations.

“It will bring our lamb operations closer together into a single integrated supply chain, which will benefit team members and customers alike, securing jobs, investment and growth for a sustainable future.”

Ron Randall, the chairman of Randall, added: “The shareholders of RPF are delighted to be able to confirm the acquisition and are so happy that the future of RPF will be secured and brighter, with the business in the safe hands of a company with the scope and resources of Pilgrim’s UK.’’

Pilgrim’s Pride has been building a presence in the UK through M&A. The move for Randall Parker Foods comes five months after the company bought a clutch of UK assets from Ireland’s Kerry Group. In June, Pilgrim’s Pride acquired Kerry Group’s meats and meals operations in a deal that valued the assets at an “enterprise value” of GBP680m (then US$942.4m).

Two years ago, Pilgrim’s bought UK pork group Tulip from Denmark-based co-op Danish Crown. In 2017, the publicly-listed group acquired meat processor Moy Park from JBS.

Pilgrim’s Pride is, meanwhile, considering a move by the Brazilian group to buy the rest of the shares in the business.

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Free Whitepaper
img

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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