COMPETITION authorities have cleared the takeover of Banham Poultry by Boparan Private Office.

The Competition and Mergers Authority (CMA) announced it was opening an investigation into the purchase in early November.

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Boparan Private Office is 2 Sisters Food Group owner Ranjit Singh’s investment vehicle, and the purchase was made via Amber REI Holdings.

Banham Poultry is based in Attleborough, Norfolk and is one of the region’s largest employers.

The acquisition further strengthens Boparan’s position in 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.

Safeguards jobs

A statement released by the BPO at the time 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.

“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.”