Boparan Holdings Announces Sale of European Poultry Business
Ranjit Singh Boparan is planning a “transformation” of his businesses, after announcing the intention to sell his European poultry business.
Boparan, the owner of 2 Sisters Food Group said he planned to sell his European poultry operation, currently part of 2 Sisters parent company Boparan Holdings (BHL), to his private Office (BPO) for a fee in excess of €200m.
The European poultry business – which trades as 2 Sisters Storteboom and employs 2,700 people – will join the ranks of Bernard Matthews, Banham Poultry also owned by BPO.
2 Sisters Storteboom comprises six poultry processing centres in the Netherlands based at Nijkerkk, Barneveld, Putten, Kornhorn and Zeewolde. It also has three processing centres based in Poland in Kotowo, Augustowo and Komorniki.
Boparan said: “This is a significant and transformational deal and unlocks many opportunities for the future, so we are very pleased to announce an agreement has been reached. All my companies will benefit as it creates a stronger, more agile group of businesses and provides a platform for an unprecedented level of internal investment.”
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