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.

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

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

The Bank of England should create a "Bitpound" digital currency and take the world by storm
Bitcoin

The Bank of England should create a "Bitpound" digital currency and take the world by storm

The Bank of England could win the race to create a respectable digital currency if it moves quickly, says Matthew Lynn.
18 Oct 2020
Negative interest rates and the end of free bank accounts
Bank accounts

Negative interest rates and the end of free bank accounts

Negative interest rates are likely to mean the introduction of fees for current accounts and other banking products. But that might make the UK bankin…
19 Oct 2020
What would negative interest rates mean for your money?
UK Economy

What would negative interest rates mean for your money?

There has been much talk of the Bank of England introducing negative interest rates. John Stepek explains why they might do that, and what it would me…
15 Oct 2020