2 Sisters Food Group increases yearly turnover

Chicken procossor 2 Sisters Food Group has increased turnover to £579m from £508m, with profits leaping by 33% to £33.9m.

The Midlands firm is owned by Ranjit Boparan who has an estimated fortune of £135m.

A 2 Sisters spokesperson said: “Our continued drive to reduce costs and run our business as if we are in a recession has stood us in good stead during this difficult economic period.

“The increase in feed ingredient prices is still a real threat to our business, as it is for many other food manufacturers.

“The acquisition of the Storteboom Group fits with 2 Sisters’ business strategy and provides an established platform to support expansion into Central Europe.

“We aspire to grow the business by producing the best-quality products at the lowest cost.”

>>2 Sisters appoints Eddie Power as UK managing director

>>2 Sisters adds Storteboom to form £1bn business