Cranswick plc

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Cranswick plc
Public (LSECWK)
Industry Food
Founded 1974
Headquarters Hull, UK
Key people
Martin Davey, (Chairman)
Adam Couch, (CEO)
Mark Bottomley (Group Finance Director)
Jim Brisby (Group Commercial Director)
Revenue £994.9 million (2014)[1]
£55.8 million (2014)[1]
£43.2 million (2014)[1]
Number of employees
4750
Website www.cranswick.plc.uk/

Cranswick plc is a leading UK food producer and supplier of premium, fresh and added-value food products with annual revenues of approximately £1bn.[2] The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Cranswick was founded by Jim Bloom, Mike Field and twenty-one other East Riding of Yorkshire farmers producing pig feed in 1974 under the name Cranswick Mill. The company subsequently diversified into food production. It was first listed on the London Stock Exchange in 1985.[3] In 1993 Cranswick diversified into pet products with the purchase of George Buckton and then, in 2009, sold its pet products business. [4] The company has recently moved back to breeding and rearing its own British pigs after acquiring East Anglian Pigs Limited and livestock and assets from Dent Ltd in 2013. [5]

Cranswick has developed through a combination of acquisitions and subsequent organic growth, enabling the company to build upon its philosophy of working with artisan producers to provide premium, market leading products to a much wider audience. The Company now serves its customers from twelve production facilities across the UK.[1]

Acquisitions[edit]

  • 2001: Continental Fine Foods[6]
  • 2003: Cranswick plc acquires The Sandwich Factory
  • 2005: Perkins Chilled Foods[7]
  • 2006: Delico, a cooked meats producer[8]
  • 2009: Bowes of Norfolk[9]
  • 2012: Kingston Foods, a cooked meats business [10]
  • 2013: East Anglian Pigs Ltd and Dent Ltd, pig rearing businesses [11]
  • 2014: Benson Park, a premium cooked poultry business [12]

Operations[edit]

Cranswick produces fresh pork, gourmet sausages, cooked meat, air-dried bacon, premium cooked poultry, charcuterie, sandwiches and gourmet pastry products. [13]

The Company’s brands include Bodega, Weight Watchers, Woodall’s, Simply Sausages, Red Lion Foods and the Black Farmer.[14]

Cranswick’s core market is the UK but the company has a rapidly developing export business serving the European, US and South East Asian markets. [15]

Operational Highlights[edit]

Operational highlights for the year ended 31 March 2014:

  • £14m investment in pig breeding and rearing activities[1]
  • New gourmet pastry facility fully commissioned[1]
  • £28m investment in the Group's asset base[1]

References[edit]

  1. ^ a b c d e f g "Preliminary Results 2013". Cranswick. Retrieved 26 March 2015. 
  2. ^ Reports & Accounts 2014 Cranswick, Retrieved 9 April 2015
  3. ^ London Stock Exchange: Case studies
  4. ^ Cranswick Mill Group acquires George Buckton Thomson M&A, 29 June 1993
  5. ^ Cranswick expands pig farming The Telegraph, 20 May 2014
  6. ^ Cranswick plc acquires Continental Fine Foods Thomson M&A, 30 July 2001
  7. ^ Cranswick buys division of Perkins Foods The Grocer, 21 December 2004
  8. ^ Cranswick buys cooked meats producer Delico for £17.9m Europe Intelligence Wire, 2 November 2006
  9. ^ Cranswick snaps up Bowes of Norfolk The Grocer, 6 April 2009
  10. ^ Cranswick profits from 'quick service' trade The Telegraph, 3 July 2012
  11. ^ Cranswick snaps up East Anglian Pigs Meat Info, 30 April 2013
  12. ^ Cranswick gobbles up Yorkshire cooked poultry product firm City A.M., 24 October 2014
  13. ^ Bloomberg: Cranswick Company Profile Bloomberg, Retrieved 9 April 2015
  14. ^ Financial Times: Cranswick plc Financial Times, Retrieved 9 April 2015
  15. ^ Hull food firm Cranswick sets sights on Asia sales Hull Daily Mail, 8 April 2014

External links[edit]