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Tulip Planning on Expanding in the UK

by 5m Editor
29 November 2011, at 7:01am

UK - Tulip Ltd strengthens its position as the leading UK supplier of processed meat products following the acquisition of Parkam Foods.

A perfect match for Tulip Ltd’s product portfolio. That is probably the most fitting description of Tulip Ltd’s acquisition of Parkam Foods, the UK-based manufacturer of a range of premium products for the UK retail and food-service sectors.

Tulip Ltd is hereby strengthening its position in the market by adding new products to its portfolio, while at the same time further increasing its sales to the biggest UK retail chains.

"In addition to cooked meats, sandwiches and sausages, Parkam Foods also produces a number of high-quality products based on beef, turkey and chicken. This will add a new and valuable dimension to Tulip’s business. The great challenge will be exploiting the synergies arising from the acquisition of Parkam to boost the value of the company’s products," said Steve Murrells, CEO of Tulip Ltd.

Parkam Foods consists of four companies: Parkam Foods, Tranfoods, Trophy Foods and Freshway. The companies have a total of 750 employees, with expected revenue for the current financial year in the region of GBP 100-115 million.

Parkam Foods is a strong player within the premium segment, and Mr Murrells believes that this is what makes the company a perfect match for Tulip.

"Tulip is already a strong supplier of high-quality products, but perhaps not necessarily with a sufficiently strong presence in the premium segment. This gap will now be filled by the acquisition of Parkam Foods," said Mr Murrells.