Cranswick plc

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Cranswick plc
FormerlyCranswick Mill Group p.l.c. (1972–1991) [1]
Company type Public
ISIN GB0002318888  OOjs UI icon edit-ltr-progressive.svg
Industry Food
Founded1974
Headquarters Hull,
England
Key people
RevenueIncrease2.svg £2,323.0 million (2023) [2]
Increase2.svg £145.9 million (2023) [2]
Increase2.svg £111.4 million (2023) [2]
Number of employees
10,422 (2023) [2]
Website cranswick.plc.uk

Cranswick plc is a leading UK food producer and supplier of premium, fresh and added-value food products. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

Cranswick was founded by Jim Bloom, Mike Field and twenty-one other East Riding of Yorkshire farmers producing pig feed in 1974 under the name Cranswick Mill. The company subsequently diversified into food production. It was first listed on the London Stock Exchange in 1985. [3] In 1993 Cranswick diversified into pet products with the purchase of George Buckton and then, in 2009, sold its pet products business. [4] The company has recently moved back to breeding and rearing its own British pigs after acquiring East Anglian Pigs Limited and livestock and assets from Dent Ltd in 2013. [5]

Cranswick has developed through a combination of acquisitions and subsequent organic growth, enabling the company to build upon its philosophy of working with artisan producers to provide premium, market leading products to a much wider audience. The Company now serves its customers from twelve production facilities across the UK. [6]

On 25 July 2016, the company announced it had sold The Sandwich Factory Holdings Ltd for £15 million to Greencore. [7] [8]

Acquisitions

Operations

Cranswick produces fresh pork, gourmet sausages, cooked meat, air-dried bacon, premium cooked poultry, charcuterie, sandwiches and gourmet pastry products. [19] The Company's brands include Bodega, Weight Watchers, Woodall's, Simply Sausages, Red Lion Foods and the Black Farmer. [20] Cranswick's core market is the UK but the company has a rapidly developing export business serving the European, US and South East Asian markets. [21]

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References

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  3. "London Stock Exchange: Case studies". Archived from the original on 23 December 2008. Retrieved 20 December 2008.
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  19. "Cranswick Company Profile". Bloomberg. Retrieved 9 April 2015.
  20. "Cranswick plc". Financial Times. Retrieved 9 April 2015.
  21. "Hull food firm Cranswick sets sights on Asia sales". Hull Daily Mail. 8 April 2014. Archived from the original on 24 September 2015. Retrieved 10 April 2015.