Cranswick acquires Dunbia Ballymena in Northern Ireland
Published:  16 November, 2016

Pork producer Cranswick has announced the acquisition of the whole of the issued share capital of Northern Irish-based Dunbia Ballymena. 

A cash purchase, the transaction will be funded from Cranswick’s existing debt facilities. Cranswick is expected to be earnings neutral in the current financial year and earnings enhancing in FY18. The move enhances Cranswick’s pig processing capability and establishes a significant presence in Northern Ireland.

Dunbia Ballymena employs 360 people and processes around 7,800 UK farm-assured pigs each week. It operates from a facility in Co Antrim, Northern Ireland and, in the year to 29 March 2016, the company’s revenues were £72.4m.

Jack Dobson, executive director of Dunbia, is to support the Ballymena division in a consultancy capacity to help ensure a smooth transition.

Adam Couch, CEO of Cranswick, said: “I am delighted to announce the acquisition of Dunbia’s Ballymena pork processing business. This acquisition strengthens our UK pork processing business and provides us with greater control over our supply chain, ensuring that we can maintain the production and processing of high quality, UK farm assured, pigs which is central to our customer’s requirements.

“The management at Ballymena have created long-lasting and sustained supply chain relationships and we look forward to building on this and continuing to invest in the facilities, and the team, over the years ahead. We welcome Jack and the team at Ballymena to Cranswick and look forward to working with them to develop the business further.”