DB Foods has announced its next phase of growth has been secured with the support of its new owners, the Paramount Retail Group.
The acquisition will be joined by a £12 million investment to drive expansion, enhance services, and strengthen the UK meat supply chain.
The investment facility from Paramount Retail Group will be channelled directly into expanding DB Foods Group’s production capacity, advancing its technology and infrastructure, and supporting the delivery of smarter, more agile services to customers.
It also represents a major step forward in strengthening supply chain resilience across the UK meat sector, creating long-term benefits for producers, retailers and consumers alike.
Butchers are at the heart of our high streets – they are often family businesses that provide jobs, expertise and a community connection. This acquisition is an investment in the future of food retail in the UK.
Paul Taylor, chairman, Paramount Retail Group.
Over the last 30 years, DB Foods Group’s £122 million business has supported the British butchery industry by providing direct support to 1,000 butchers per week and 240 jobs across its production facilities and headquarters in Poole, UK.
With a growing portfolio of major customers including Tesco, Aldi, Ocado, Wagamama, Popeyes and British Airways, this partnership will further enhance DB Foods Group’s resources, market reach and position, with an expected £30 million to be generated in revenue growth.
Graeme Clapp, commercial director of DB Foods Group added: “We have carefully and methodically laid the foundations to make a significant impact in the wider retail sector and were looking for a partner with the expertise and ambition to help us fulfil the potential of our work,’ explains Graeme Clapp, Commercial Director of DB Foods.
“This summer, we were excited when the Paramount Retail Group not only took an interest in our company, but immediately understood what we wanted to achieve. When they proposed an investment and invitation for DB Foods to join their portfolio of retail businesses, we seized the opportunity.”
Operating across 17 sites in the UK and 2 in Asia, Paramount Retail Group is focused on building and nurturing iconic heritage British brands. It employs more than 750 dedicated professionals. Collectively, its businesses achieve an annual turnover in excess of £230 million.
