Meat processor's English buy will build its pork business
A Tyrone meat processor is intending to buy a Nottinghamshire firm for an undisclosed sum.
Dunbia said it is proposing to take over G Wood & Sons Holdings Ltd, based in Mansfield, a family-owned and managed meat processor with an abattoir close to one of the most highly productive pig-producing regions in the UK.
The acquisition, which is subject to due diligence, will allow Dunbia to build on its pork processing business in Northern Ireland.
Dunbia said it would also "complete the supply chain in the Midlands by integrating with the company's pork processing plant in Crewe and its recent multi-million pound investment in sausage processing at its Preston factory".
Jim Dobson, Dunbia Group managing director, said the purchase will be a strategic acquisition: "The deal builds on our strong network of abattoirs across the UK and provides us with access to additional supplies of British quality assured and higher welfare pork," he said.
"We see this acquisition as an opportunity to expand our pork division in line with our customers' requirements."
Directors of G Wood & Sons, Chris and John Wood, welcomed the announcement.
Chris Wood added: "Becoming part of the growing Dunbia Group is a positive step forward for the G Wood and Sons business.
"Dunbia's decision to acquire our business will safeguard the future of the company for our employees, suppliers and customers. We have worked hard to successfully build up the business over the years and feel the time is now right to become part of a larger group."
Founded in 1976 by brothers Jim and Jack Dobson, Dunbia has grown to become an established multinational food company operating across 10 sites in the UK and Ireland and from sales offices throughout Europe.
Headquartered in Dungannon, it supplies beef, lamb and pork products to retail and foodservice customers.
Formerly Dungannon Meats, Dunbia employs 3,069 people including 1,170 in Northern Ireland.