A Spalding food firm employing more than 450 people has been bought for an undisclosed sum by Pork Farms Group.
The transaction includes Kerry Foods’ manufacturing, warehouse and back office support functions at its Spalding and Poole sites.
Kerry Foods was opened in Fulney Lane, Spalding, in about 1980 by Princess Anne, and makes chilled savoury pastry products.
The newly expanded Pork Farms Group employs 2,554 people and makes chilled savoury foods such as pork pies, Scotch eggs and savoury slices for retailers including Marks and Spencer, Asda and Sainsbury’s.
Pork Farms Group managing director Chris Peters described the acquisition of the Spalding and Poole sites as “an extremely exciting next step for our business”.
He said: “It will provide our customers with a streamlined, more responsive and better invested supply chain, reflecting the increasingly competitive retail landscape that we are seeing in today’s market as consumers’ shopping habits change.
“Over the last seven years, Pork Farms has developed a track record for innovation and quality.
“This move helps us to build on this, allowing us to make further investment in production facilities, R&D (research and development) and innovation.
“This will expand the quality and range of products available to all our customers, and will provide new opportunities for our employees.”
Pork Farms Group is based in Nottingham and privately owned following its acquisition by Vision Capital in 2007.
Andy Rich, a partner at Vision Capital, said: “This transaction builds on the solid trading progress seen within Pork Farms over the last seven years and will enable the combined group to expand its product range and better serve its customers.”