Massive
deal for poultry giant
Jan 22, 2008
Black Country poultry giant 2 Sisters Food Group has bought
out a chicken firm in the South West in what is believed
to be a multi-million pound deal. The value of the takeover
is not being revealed.
But 2 Sisters, based in West Bromwich, says it plans to
invest more money in Devon firm Lloyd Maunder.
2 Sisters was founded by Ranjit Singh Boparan and his wife
Baljinder, who are said to be worth around £130 million
according to a recent West Midlands rich-list.
Their £500-million-a-year business in Dial Lane,
Black Lake, produces the Buxted brand of whole chickens
and chicken dishes, as well as supplying own brand chicken
products to supermarket chains including Tesco, Waitrose
and M&S.
It is also the leading UK supplier of free range, organic
and corn-fed chickens. As well as its headquarters and processing
centre in Dial Lane, it also runs a processing operation
in Bevan Way, Smethwick.
Four sites across the West Bromwich area employ a total
of 1,500.
Lloyd Maunder in Willand is a leading producer of specialist
poultry sold in supermarkets across the UK.
It dominates the poultry production industry in the South
West and 2 Sisters says it has plans to expand.
Chief executive Ranjit Singh Boparan said: “We’re
planning to develop the operation further as a regional
centre of excellence for specialist poultry production.
Lloyd Maunder has been a leading light in the UK poultry
industry for 50 years and we’ll be looking to build
on that success.”.. Source; express and star
Jan 30, 2007
RANJIT AND BALJINDER SINGH - Boparan Holdings
At Two Sisters, the Singh's West Midlands-based poultry
processor. A £6m investment at its Scunthorpe plant
was the biggest ever in the history of the facility and
was described as a 'serious commitment to the future of
the town' by chief executive Ranjit Singh, who with his
wife Baljinder wholly owns parent company Boparan Holdings.
Boparan also recently acquired John Rannoch in Suffolk,
an operation producing premium-quality roast and breaded
chicken products for the retail and food-service markets.
With more than seven sites around Britain, Smethwick-based
Boparan is best known for its Buxted chickens brand. In
the year to July 2004, profits soared from £3.4m to
£18.8m on sales up £40m at £326.8m.
Processed chicken may be unfashionable among the chattering
classes these days, but it's clearly still highly profitable.
On these figures, we value the company at about £100m.
Ranjit and Baljinder Singh have taken more than £22.7m
in dividends since 2000, so we value the couple at around
£110m after tax and including other assets such as
farms.
UK, Dec. 12, 2006
UK Daily Telegraph named NRI
Boparan is one of the
"40
most successful young entrepreneurs"
The husband and wife team has plucked its fortune from
the chicken processing industry. Ranjit, 40, and Baljinder,
38, own all the shares in West Midlands-based firm Boparan
Holdings, The business has several subsidiaries and is worth
£115m
Boparan are running one of Britain's largest
chicken-processing companies. It supplies all the top supermarkets,
including Marks & Spencer and owns the Buxted brand.
--------------------------
2 Sisters Food Group was established in 1993 by Chief Executive,
Ranjit Singh and remains a privately owned company. Over
the past 14 years the company has evolved from a small scale
frozen retail cutting operation to a world class food company,
serving the retail, foodservice and manufacturing sectors.
Today, 2 Sisters Food Group has 13 manufacturing sites
in the UK, 1 in Holland and 1 in U.S.A. The worldwide group
employees over 5500 people and annual sales now exceed £650
million.
We are a leading processor of raw chicken products, but
we also produce prepared chicken products (Breaded, Roast,
Ready to Cook and BBQ), Ready Meals and Savoury Liquids.
Although we are predominantly a private label manufacturer,
we also produce a number of branded products, including
Buxted and now Devonshire Red
