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Scottish poultry producer on verge of sale

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Scottish chicken, pork and beef producer Grampian Food Country Group is on the verge of passing into foreign hands, with at least three firms preparing bids for control of the group.

The company is the biggest supplier of meat and poultry to the UK's supermarkets and was forced into a sale amid mounting levels of debt.
Dutch meat producer Vion and global pork and poultry-producing giant Sadia, of Brazil, are vying with CCMP, the American private equity firm, for control of Grampian.
A sum of £400 mln (€529 mln) is expected to be involved in the transaction. Grampian, owned by its 64-year-old millionaire founder Fred Duncan, is seen by analysts to be an attractive asset as it is still a market leader in the UK.
 
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by Editor WorldPoultry

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