Featured vacancies:

Site Technical Manager
, Somerset
, £60000
 - £65000
per annum
Process Technologist, food manufacturing
, Norfolk
, £20000
 - £32000
per annum
Operations Manager
, Devon
, £45000
 - £55000
per annum
Foodservice National Account Executive
, Midlands
, £30000
 - £35000
per annum
 + Car or allowance, bonus & benefits (OTE £48K)
Graduate Food Technologist
, London
, £28000
 - £30000
per annum
Trainee Product Developer
, london
, £28000
 - £30000
per annum
Meat Processor Acquires Mediterranean Food Company

Meat Processor Acquires Mediterranean Food Company

Meat processing company Cranswick has purchased Katsouris Brothers for £43.5 million. The London-based producer of Mediterranean food operates from two factories in Wembley, using the trading name Cypressa.

Financial investment

The investment is a heavy one, at a price which clearly reflects Cranswick’s belief in their ability to gain high profits from Katsouris. The announcement came packaged along with the first quarter 2019 financial results for the company, which also told of sales growth of 1.5% in the three months to 30 June.

The purchase was funded from Cranswick’s existing debt facilities, with £7 million dependent on the future performance of the company. Investors will be watching closely as the firm performs over the next 14 months to 30 September 2020.

Cypressa’s range of products includes plenty of traditional Mediterranean goods. These include pasta and nuts, cereals and pulses, cheeses and olives, and oils and dressings. After processing, the firm also distributes the products themselves. 

Before interest, tax, depreciation, and amortisation, the company reported sales of £68 million for the year up to 30 June 2019. Around 250 staff are currently employed at the business, and you can find the best advice on how to find a job and being successful in a recruitment process.

Staff stability expected

The former Managing Director at Katsouris, Costas Constantinou, will be staying in his role as the company comes under the Cranswick umbrella. Louis Constantinou will also remain as the Commercial Director, allowing some stability for staff. You can watch out for future employment opportunities

This acquisition strengthens our existing continental products business and broadens our offering in a number of fast-growing, plant based, non-meat product categories,” said Adam Crouch, Chief Executive at Cranswick. “The family behind Katsouris Brothers has created long lasting and sustained relationships with suppliers and the business has a strong customer base. We look forward to building on this and continuing to invest in the facilities and the team, over the years ahead.”

Cranswick also noted that they aim to continue investing in their business across the board, increasing capacity to maintain demand as well as pushing operating efficiency forward. Their current main project is a new poultry processing factory to be built at Eye in Suffolk, which is still going ahead and remains on schedule. This is expected to be the first new UK poultry factory for 30 years.

The company has recently reiterated and underlined their intentions to continue building on eco-friendly initiatives in the next year. They had invested £75 million in this area in 2018 and look set to invest £100 million in 2019.

“We have made a positive start to the year and our capital investment programme, which is building a platform for future growth, remains firmly on track,” said Crouch. “We continue to make pleasing progress on the new Eye poultry facility and our new continental products facility in Bury is now performing strongly and in line with the original business case.”

It’s clear that this company has big plans for the future.

About this article

Read time

Share

Latest news

Supply Chain jobs
Supply chain jobs come in all shapes and sizes. We recruit for roles within the Supply Chain function from junior management roles to board level positions. Are you an experienced supply chain specialist looking for an exciting and rewarding career in the food industry? The food industry is a sector with many exciting opportunities for...
sales and marketing jobs light bulbs
The food industry is a fast-paced, constantly evolving sector, which means that working in sales and marketing jobs in this field are incredibly rewarding. The challenging environment allows you to thrive and learn something new every day and the knowledge gained in this sector can be invaluable for your future career. If you’re looking for...
Food inflation below 10% - lady shopping
It’s an exciting time for food industry professionals in the UK The latest news from the British food sector is that there has been an increase in the number of food manufacturing jobs available in the last year. 2023 has been an especially big year for growth and innovation that will shape the future of...
Food finance jobs
Looking at food finance jobs are an excellent choice of career for anyone looking for a job that holds potential to grow and evolve. From major manufacturers to small-scale food producers, there’s a lot of exciting opportunities to explore. The food industry is booming, with sales in the UK reaching record highs in recent years....
chocolate
Hotel Chocolat founders have agreed a takeover with Mars. Mars will take over the business and have agreed to keep production in the UK. The founders are set to make £280m after an agreed take over of £534m. After the deal was announce shares increased by 160%. Mars currently employs over 140,000 people around the...
Engineering jobs - workers working in a factory
Engineering jobs in the FMCG world are certainly a great option for those that like to fix broken things or think strategically on how they can improve on a process within a manufacturing environment. As an Engineer, within either the FMCG or food industry, you have a unique opportunity to make an impact on the...
Chef jobs are exciting Chef placing food on a plate
Chef jobs in food manufacturing are exciting opportunities! Are you currently looking for Chef Jobs and what opportunities are out there? Joining the food manufacturing industry could be the opportunity you have been waiting for! There is a vast array of Chef jobs you could be interested in. A great industry to move into the...
Food inflation below 10% - lady shopping
Food inflation has finally dropped under the 10% mark for the first time in over a year! This is good news for all Food Businesses and Consumers. This significant dip is a major milestone in the journey towards sustainable economic growth and food security for the UK. Every retailer included in the Kantar report saw...
interviewing for NPD and development jobs
Are you currently interviewing for NPD jobs or Food Development Jobs? Are you on the lookout for a job that challenges, excites and motivates you? There are so many reasons to consider being part of an NPD team. But the main recurring theme with anyone we speak to is that it isn’t just a job;...

Get in touch