UK food firm 2 Sisters Food Group has remained tight-lipped over reports it is interested in making a bid for UK poultry processor Bernard Matthews Farms.
Boparan’s 2 Sisters, the largest supplier of poultry to UK supermarkets, is understood to be in the early stages of weighing up whether to make an offer for the Bernard Matthews brand, according to The Sunday Times.
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The Norfolk-based turkey giant is said to have been holding discussions with several potential new investors.
2 Sisters, however, which supplies own-label chilled foods and poultry, as well as brands like Fox’s biscuits, to UK retailers, said it would not comment on rumour or speculation.
Bernard Matthews would also not comment on whether it had received any bids, instead reiterated that it was exploring the possibility of an external cash injection into the company in a bid to boost growth.
All the options will only be evaluated once the process is completed,” the company said in a statement.
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By GlobalDataLast month, the firm revealed it was in talks to potentially make around 55 job cuts. CEO Noel Bartram also stepped down from the business last month. The company said Bartram had reached 60 and had some recent health concerns.
Despite tough trading conditions, Bernard Matthews returned to profit in its last financial year. Pre-tax profit in the 12 months to 1 July rose to GBP2m (US$3.2m). In the previous reporting period, the company had booked a pre-tax loss of GBP28.8m.
