Cranswick plc

Cranswick plc

Type	Public (LSE: CWK)
Industry	Food
Founded	1974
Headquarters	Hull, UK
Key people	Martin Davey, (Chairman) Bernard Hoggarth, (CEO Food) Derek Black (CEO Pets)
Revenue	£740.3 million (2010)[1]
Operating income	£45.9 million (2010)[1]
Net income	£32.5 million (2010)[1]
Website	www.cranswick.plc.uk/

Cranswick plc (LSE: CWK) is a large British producer of foods and pet products. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was founded by Jim Bloom, Mike Field and twenty-one other East Riding of Yorkshire farmers producing pig feed in 1974 under the name Cranswick Mill. It subsequently diversified into food production. It was first listed on the London Stock Exchange in 1993.^[2] It also diversified into pet products in 1993 with the purchase of George Buckton.^[3]

In 2001 it acquired Continental Fine Foods,^[4] in 2005 it bought Perkins Chilled Foods for £81 million^[5] and in 2006 it acquired Delico, a cooked meats producer, for £18 million.^[6]

Operations

The Company is a producer of foods and pet products:

• Foods: fresh pork, gourmet sausages, charcuterie, sandwiches and dry-cured bacon
• Pets: bird and small animal food, marine fish and aquatic products

References

1. ^ ^{a b c} Annual Report 2010
2. ^ London Stock Exchange: Case studies
3. ^ Cranswick Mill Group acquires George Buckton
4. ^ Cranswick plc acquires Continental Fine Foods
5. ^ Cranswick deal
6. ^ Cranswick buys cooked meats producer Delico for £17.9m

External links

• Official site