Cranswick’s profit won’t reach full year estimate
Cranswick, UK supplier of pig products to major retailers such as Sainsbury’s and Tesco has stated that it’s annual pre-tax profit is expected to be less.
Sky-rocketing pig feed prices are to blame for the profit reduction.
About the company
Cranswick was formed by farmers in the early 1970’s to produce pig feed. In 1988 the Board embarked on a strategy to broaden the base of the company’s activities and to seek opportunities to develop into related areas offering greater scope to add value to the company’s processes. Activities have since been extended from this agricultural base into the food sector. The business is focused predominantly on the supply of fresh and processed food to the UK food retail, food manufacturing and food service categories.
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