Food maker Sofina grows with Finnebrogue deal
A seafood and pork firm has expanded with a takeover.
Sofina Foods has bought burger and sausage maker Finnebrogue.
Bosses say the deal will continue Malton, North Yorkshire-headquartered Sofina’s “journey of ambitious expansion”.
They add the agreement for Northern Ireland-based Finnebrogue takes Sofina Foods’ European footprint beyond 9000 people across 27 sites.
Michael Latifi, founder, chair and chief executive of Sofina Foods, whose seafood division includes the Young’s brand, said: “We have created a global foundation for continued growth, with a history of excellence in food production and processing.
“Both Sofina Foods and Finnebrogue share a common culture of excellence, discipline and integrity, and I look forward to building on the strengths of both companies.”
Roger Burnley, Finnebrogue chair, added: “This great business will continue to flourish as part of the Sofina family.
“The Lynn family, who founded the business 30 years ago, have built an extraordinary legacy, and with Sofina’s stewardship, we look forward to watching Finnebrogue go from strength to strength.”
Sofina Foods’ finance, tax, treasury and legal teams managed the deal with support from PwC, Taylor Wessing, Tughans LLP, Ashurst and Tetra Tech.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs
Improving safety and standards in construction
From economic engine to community ecosystem