Gressingham Foods has formed a strategic partnership with LDC Groupe.
The family-owned French company has acquired a majority stake in the poultry business.
LDC is a leading poultry supplier in Europe with €6.3bn (approx £5.5bn) annual turnover, 27,000 employees and 105 sites.
The acquisition supports the business’ international strategy by expanding its UK presence alongside its Welsh subsidiary and European imports.
Gressingham has approximately 700 staff and operates from a processing facility in East Anglia.
“This is a proud moment for everyone at Gressingham, building on over 50 years of family values and tradition since our father Maurice started the business in 1971, said William and Geoff Buchanan, Gressingham group directors.
“Through the partnership, Gressingham will continue to invest and grow, allowing more people to make their meals memorable with our products.”
Spayne Lindsay & Co advised Green Label Holdings (Gressingham Foods) and the Buchanan family on forming a strategic partnership with the French business.
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