Dutch meat processor Vion Food Group today (19 May) posted higher sales and earnings for 2009 thanks in part to volumes gained in the UK from acquisitions in 2008.
Vion, which supplies meat products in the UK, Germany and the Netherlands, said it had seen a “cautious recovery” in 2009 when turnover rose 5% to EUR9bn (US$11.08bn) – despite lower market prices.
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The company’s volumes were boosted by businesses bought in 2008, which included UK meat supplier Grampian Food Group.
Net profit grew from EUR54m in 2008 to EUR62m in 2009.
