Kingston Foods Sold To Cranswick PLC
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Cranswick has acquired of Kingston Foods, a Milton Keynes based producer of premium cooked and roasted meat products.
Hull-based listed entity Cranswick said the acquisition strengthened its cooked meat production capabilities, diversified its product range in a growing market and broadened its customer base.
Tony Turner and Paul Williams, the vendors, will continue in their current positions as managing director and operations director respectively.
At 27 January Kingston had gross assets of £3.7m.
In May, Cranswick has posted its highest-ever sales and second-best trading profit in its history after recovering from a slow start to the year. The company also revealed Bernard Hoggarth is to step down as chief executive and will be replaced by Adam Couch.
Bishopsgate Advisors
James McBain Allan
Morgan Atherton
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