BANHAM POULTRY has been bought by 2 Sisters Food Group owner Ranjit Singh’s private family office.
A Boparan Private Office (BPO) spokesperson said the deal would secure employment both at the firm and in the broader regional supply chain.
Banham Poultry is based in Attleborough, Norfolk and is one of the region’s largest employers.
The acquisition further strengthens Boparan’s position on the UK poultry market
In its latest financial results, the firm turned over £144m and made a pre-tax profit of £387k.
In 2018 Derbyshire-based Chesterfield Poultry acquired Banham Poultry.
A statement released by BPO said: “We are pleased to announce the acquisition of Banham Poultry which safeguards more than 1,000 employees and many more across the supply chain in the region.
‘Meeting future demand’
“This acquisition will enable the BPO to maintain processing capacity and fulfil customers’ orders in the important run-up to Christmas period and to meet future demand.
“We have a strong track record in investing in and supporting the food processing and agricultural sectors, and we are totally committed to maintaining production capacity and jobs at the Banham site.
“This acquisition should be viewed as very good news for Banham employees, farmers, customers and suppliers and we will ensure that their needs will continue to be fulfilled.”