January 31st, 2018
Avara Foods, a joint venture between Cargill’s fresh chicken business in the UK and Faccenda’s fresh chicken, turkey and duck business, has been unveiled as the latest major player in the UK poultry sector. The new joint venture, which follows Competition and Market Authority (CMA) approval in December, will be a 50/50 shared ownership between Cargill and Faccenda.
Avara Foods is a major UK employer bringing together 6,000 people in a fully integrated supply chain focused on delivering high quality fresh food to UK customers.
Andy Dawkins, CEO of the new company, said: “This is an exciting day. Launching Avara Foods brings together two successful businesses with high standards, shared values and strong reputations for building sustainable partnerships with customers, growers and suppliers. Now the opportunity is to take the best from both and provide our customers with great service and innovation from a trusted leader in fresh foods.”
“We believe that it is our strong values and talented people that make the difference and will be key to the success of our business now and in the future,” Dawkins continued. “Our first step is to make sure that there is a smooth transition as we bring together the two businesses as Avara Foods, and establish a solid platform for growth.”
For more information contact Ailsa Blunt at Hanover Communications on 07738 755 889 or email@example.com
Categories: In the news
Brackley, UK – Faccenda Foods, one of the UK’s leading food companies, has filed annual results for the 2017 financial year. While top line growth was broadly flat, from £523m to £520 million, operating profit rose from £7.7 million to £11.7 million.Despite the challenging market, Faccenda’s continued investment throughout its supply chain, together with a continued focus on greater efficiency and productivity, contributed to improved overall financial performance.Reflecting on the…READ MORE
We are excited to announce that we have received approval from the UK Competition and Markets Authority (CMA) to create a leading UK food company focused on chicken, turkey and duck. Faccenda Foods will join Cargill’s UK fresh chicken business form the standalone joint venture.We are very pleased with the decision of the CMA and we currently anticipate that we will be operating as a standalone joint venture by end…READ MORE