2 Sisters tight-lipped on £50m Donegal Catch sale
News broke today in The Times that 2 Sisters boss Ranjit Boparan was exploring the sale of the business with the help of Clearwater International.
The sale follows 2 Sisters’ recent disposal of Goodfella’s Pizza to Nomad Foods for £199m.
Poultry sites
2 Sisters revealed earlier this month that it was planning to close three of its poultry sites in Smethwick, Wolverhampton and Cambuslang in Scotland with the loss of 900 jobs.
In October, last year Ranjit Boparan faced an all-day probe by the Environment, Food & Rural Affairs Committee when alleged food hygiene and welfare breaches were unveiled during an undercover investigation by The Guardian and ITV News.
Operating profit down
One of 2 Sisters’ plants in West Bromwich was temporarily closed last year after the investigation.
By December 2017, 2 Sisters’ parent company Boparan Holdings reported operating profit was down by 57.6% to £8.4m.
2 Sisters refused to comment on news that it was looking to dispose of Donegal Catch.
Clearwater International also refused to comment.
Donegal Catch is a frozen food supplier which is known as “Ireland’s favourite frozen fishmonger”. Green Isle Foods claims to be Ireland’s largest frozen food producer, based in Naas, Co Kildare.
Donegal Catch has a processing site in Gurteen, Co Sligo. Its product portfolio includes breaded, lightly breaded, natural, marinated and fish fingers. It is marketed as the largest purchaser of whitefish from the Irish catching sector.
