Family investment firm Paramount Retail Group has acquired independent meat wholesaler DB Food Group, saving more than 200 jobs.
Paramount said DB Foods had built a “strong reputation as a trusted supplier of premium meat”, and was “recognised as a pioneer of sustainable practices”.
Turning over £122m annually, DB Foods’ purchase has taken Paramount to around £230m in revenues, beating its goal of hitting £200m of sales by the end of 2025.
The purchase was arranged through a new holding company within the group, Paramount Food Group, a move it said “directly reflects [its] belief in the UK food sector and its impact on the economy, aiding the demand for sustainable and responsibly sourced meat”.
Paramount said the new group structure would provide its food portfolio the platform for investment, operational integration and room for further expansion.
“Joining the Paramount portfolio allows DB Food Group to strengthen its offering while staying true to what customers value with the excellent quality and variety of produce available,” added Paramount chairman Paul Taylor.
“We’re proud to support the UK food industry from farming to the high street, providing stability for many in the food industry, whilst we continue to back British brands.’’
Sunny Sharma, the company’s executive director, said Paramount was looking forward to supporting DB Food Group’s growth.
“This acquisition reflects our shared vision to build a more transparent and more sustainable future for the food industry in Britain,” he added.
DB Food Group imports meats to the UK from Africa, South America and Oceania, and exports worldwide from its Dorset distribution depot and sites on mainland Europe. It has a processing plant in Poole and employs 240 staff.
Paramount acquired Yorkshire brewer Saltaire Brewery in summer 2024, following its rescue of Montezuma’s chocolate out of administration in 2023. It also owns a number of pet businesses and majority stakes in confectioners Bristows of Devon and Crawford & Tilley.
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