Cranswick acquires pig breeder

Cranswick, the FTSE 250 meat processor, has acquired East Anglian Pigs (EAP), a firm which breeds and rears British pigs and is one of the group's key suppliers.

EAP, which at the end of March has gross assets of £11.8m, will continue a separate operation with its own management team.

In a statement Cranswick said: "This strategic acquisition demonstrates Cranswick's on-going commitment to, and greater control over, a robust and integrated supply chain with a clear focus on premium, British ingredients.

"The acquisition of EAP will give the group's customers and the UK consumer further assurance as to the provenance and quality of its products."

The share price rose 0.09% to 1,055p by 10:05 Tuesday.

NR