North Yorkshire pork processor sold to investment firm CapVest

Karro Food Group, the North Yorkshire-based pork processor, has been acquired by investment firm CapVest for an undisclosed sum.

It is believed that CapVest will complete the purchase of the Malton-headquartered pork prosser from Endless LLP, subject to closing conditions and approval from the Competition and Consumer Protection Commission.

Karro, which employs over 3,000 staff across seven sites in the UK, was acquired by investment firm Endless from VION in January 2013.

Its operation in Cookstown County Tyrone, Northern Ireland, is the largest single pig processing plant in the UK and Ireland, with 1.2 million pigs processed annually.

Executive chair Di Walker, and the rest of the Karro management team are expected to remain with the business following completion of the new deal.

Jason Rodrigues, the managing director of CapVest, said: “Karro is a great fit with CapVest’s overall investment strategy. The group has established a leading position in the processing and sale of British pork for which we believe the long-term fundamentals are very strong.

“We are delighted to back a very experienced and capable management team and we look forward to working closely with them in pursuing exciting new organic and acquisition-led growth opportunities.”

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