The directors of leading South West poultry firm Lloyd Maunder have today confirmed that 2 Sisters Food Group has purchased the company with plans for future investment.
2 Sisters Food Group, based in the West Midlands, is a leading European food company supplying chicken products to the retail, food service and food manufacturing sectors. It has annual sales of £0.5b and employs 4500 staff across 12 sites in the UK, plus operations in Holland and the USA.
The company plans to expand the business, which already dominates poultry production in the South West.
“We’re planning to develop the operation further as a regional centre of excellence for specialist poultry production,” said Ranjit Singh, founder and CEO of 2 Sisters Food Group.
“Lloyd Maunder has been a leading light in the UK poultry industry for 50 years and we’ll be looking to build on that success. By acquiring such a good production base in the South West, we can now offer national pricing to our customers, but via local sourcing.”
Lloyd Maunder’s current directors Peter, Andrew and Richard Maunder are all remaining with the company
“Ultimately this is good news for poultry production in the region,” says Andrew.
“We are all staying on to work with 2 Sisters Food Group, which we hope will help make it as smooth a transition as possible. There will obviously be changes ahead but I believe these will be favourable, creating lots of opportunity over the coming months and years.”
Lloyd Maunder employs 800 staff at its Willand site and works with 157 family run farms to produce 500,000 chickens a week. However, its chain of 15 butchers shops in Devon and Cornwall is not included in the acquisition, and will continue trading under the ownership and management of Lloyd Maunder Holdings.