With a turnover of £122 million, DB Food Group operates a distribution depot in Dorset and a processing facility in Poole.
To support the acquisition, Paramount Retail Group has established a new holding company called Paramount Food Group which will provide a platform for investment, customer retention, operational integration and expansion.
The acquisition brings revenue at Paramount Retail Group to £230 million, exceeding its target to surpass £200 million in sales by the end of 2025. No financial details of the deal have been made public.
With 17 sites in the UK and 2 in Asia, Paramount Retail Group employs more than 750 people and has numerous investments across the retail and manufacturing sector.
“Joining the Paramount portfolio allows DB Food Group to strengthen its offering while staying true to what customers value with the excellent quality and variety of produce available,” said Paramount Retail Group chair Paul Taylor.
“We’re proud to support the UK food industry from farming to the high street, providing stability for many in the food industry, whilst we continue to back British brands.”
Meanwhile, Paramount Retail Group executive director Sunny Sharma added: “DB Food Group is one of the leading meat wholesalers in the UK, championing British farming and ethical supply practices, with over 30 years expertise.
“We’re looking forward to assisting the growth of the company and the new opportunities this partnership unlocks, together. This acquisition reflects our shared vision to build a more transparent and more sustainable future for the food industry in Britain.”
In related news, Premier Foods has agreed to acquire ready meal brand Merchant Gourmet for £48 million.
The deal will see Premier Foods purchase 100% of shares in Merchant Gourmet on a cash and debt free basis, with the transaction expected to complete on 1 September 2025.
