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2 Sisters Completes European Deal

by 5m Editor
12 July 2010, at 11:47am

EU - 2 Sisters, a subsidiary of Boparan Holdings Limited, has announced that it had purchased the Storteboom Group.

2 Sisters had previously announced its intention to buy the Dutch-based poultry business subject to approval by the Works Council and competition authorities. This has now been agreed and signals the further expansion of one of Britain’s largest private food businesses into Europe.

The Dutch arm of 2 Sisters, whose management team will remain largely unchanged, has expressed that it is keen to drive the company forward and access new markets.

2 Sisters CEO, Ranjit Singh, said: "We aspire to increase market share and become the customers' number one choice for quality, safety and value within the European market.

"The acquisition of the Storteboom Group fits with 2 Sisters business strategy and provides an established platform to support expansion into Central Europe.

"The integration will commence after the holiday period and unless advised otherwise, it remains business as usual.

"The purchase of Storteboom will complement our existing Dutch business and enable the company to grow by producing the best quality products at the lowest cost.”

The company has evolved from a small cutting operation to a world-class food manufacturer. The acquisition will take the number of dedicated staff across the group to almost 7,000 and turn 2 Sisters into a £1 billion plus turnover company.