A Dungannon-based processor and supplier of gardening and horticulture products has seen its profits fall year on year as the pandemic gardening boom fades.
By Alec Mattinson2020-12-16T16:20:00+00:00
Pork and meat supplier Cranswick is mulling a move into the fast-growing premium petfood sector with the potential acquisition of Inspired Pet Nutrition.
The Grocer reported in September that private equity group L Catterton had hired mid-cap investment bank Harris Williams to launch a sales process for IPN before the end of the year.
Responding to a Sky News report, Cranswick this morning confirmed it is “currently engaged in a process regarding the potential acquisition of Inspired Pet Nutrition Limited”.
It stated: “In line with the company’s stated long-term growth strategy to expand its product offering through further diversification, Cranswick regularly considers acquisition opportunities.”