Butcher supplier Dalziel buys Burma Bacon
Burma Bacon will continue to trade under the same name in the deal, which Dalziel said would secure the future of 25 jobs at its base in Chesterton, Newcastle-under-Lyme.
Dalziel is a supplier to the butchery and food processing industry. It offers a range of frozen and chilled meat, ingredients, butchers’ sundries and packaging.
Md Stuart Dalziel said: “This acquisition heralds an expansion of product lines for Dalziel.
“Burma is very strong in bacon, gammon and cooked meats, and the deal gives us access to a great product range and, most importantly, secures all jobs for the existing staff.”
Own-branded beef and pork
He also said that the deal will enhance Dalziel’s own branded beef and pork and other lines popular in its meat division.
“The company is continuing its pursuit of strategic acquisitions where such businesses are complementary to our product expertise and service reach,” Dalziel added.
“There is great synergy between Dalziel and Burma Bacon, with both firms being family businesses.”
Burma md David Machin will continue to manage the Newcastle-under-Lyme distribution centre for the immediate future.
The Dalziel Burma deal is the latest in a wide range of acquisitions in the food manufacturing sector this year.
M&A activity up 11%
According to business consultancy Grant Thornton, food and drink mergers and acquisitions climbed by 11% in the first quarter of this year.
Deals concluded during the period were valued at £2.47bn. Of that total, £2.15bn was attributed to the sale of Brakes to Sysco, the world’s largest food supplier.
Excluding this deal, the overall total disclosed value of agreements for the quarter was £314M. Only seven deals publically disclosed a value.
More recently, this month the AB InBev acquisition of SABMiller was cleared by the European Commission.
Meanwhile, 2 Sisters Group food boss Ranjit Singh extended his business empire by acquiring the Giraffe restaurant chain for an undisclosed sum. This followed his purchase of Grove Turkeys, based in Monaghan, Ireland.
There is still no news on the rumoured 2 Sisters and Dunbia deal, which was mooted to be on the cards.
The prospect of a joint venture would have focused on their red meat businesses.
