In addition to the successes of the past year, the business declared plans to invest £100m of capital expenditure into its activities in the coming year.
That follows significant investment in 2020-2021. This had supported its Eye poultry business, the commissioning of the Cranswick Gourmet Kitchen, its cooked bacon facility in Hull, the expansion of farming activities and initiatives forming part of its ’Second Nature’ sustainability strategy.
Tim Smith succeeds Martin Davey as chairman
Cranswick also announced that Martin Davey will stand down as Cranswick’s chairman at the group’s forthcoming annual general meeting, staying on as an advisor until May 2022. He will be succeeded by former Arla Foods UK chief executive Tim Smith.