Cranswick to acquire Pethick
CRANSWICK, the pet, agribusiness and food manufacturing group, is to acquire Pethick, a privately-owned manufacturer of cooked meat and ham, for up to £15.5m.
The exact figure for the deal will depend on the performance of Pethick over the next eight months, reports the Financial Times.
Pethick reported profits down 48% to £917,000 on turnover of £8.4m for the year to 31 January.
- Financial Times 07/09/99 page 24 (News Digest)