Tulip acquires British Geo Adams & Sons
Danish meat processing group Danish Crown announced yesterday that its UK
subsidiary Tulip will acquire the British meat processing company Geo Adams
Geo Adams & Sons, based in Spalding, in the pig area of Lincolnshire,
comprises the fresh meat business Geo Adams & Sons Limited and the prepared
foods and sliced cooked meat business Adams Pork Products.
operations have five production facilities with 2,000 employees and a combined
annual turnover of €241 million.
takeover will create one of Britain's biggest meat conglomerates, having a UK
sales of Â£1.2 billion (€1.75 billion) and a total of 9,000
Geo Adams & Sons was established about 100 years ago
and is responsible for about 8% of British pig
Carsten Jakobsen, present
chairman of Tulip, will chair the board of the new group. He commented, "This is
an important strategic step forward for Tulip. This transaction will help us to
supply the UK consumer with an even wider range of high quality products. In an
increasingly competitive market place, it is crucial that we are in a position
to produce quality products at the best value for our customers."
acquisition is conditional on clearance by the UK regulatory authorities, but is
expected to be completed in November.
Danish Crown, headquartered in
Randers, Denmark, is the world's largest meat exporter. The group has some
25,000 employees and an annual turnover of €6.5 billion.
â€¢ Geo Adams &
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