Acquisition

RNS Number : 5412Q

NWF Group PLC

01 March 2016

 

NWF Group plc

Final for release 7.00 a.m. 1 March 2016

NWF Group plc ("NWF or "the Group")

Acquisition in Agriculture

NWF Group plc, the specialist agricultural and distribution business, is pleased to announce it has acquired Jim Peet (Agriculture) Limited, a well-established ruminant feed manufacturer. Jim Peet started trading in 1977 and supplies over 50,000 tonnes of compound and blends to dairy, beef and sheep farmers across the North of England and South West Scotland.

The business produces a range of compounds and blends from two production sites based at Longtown near Carlisle and Aspatria near Wigton.

This acquisition delivers strategically important manufacturing facilities to support Jim Peet and NWF feed production.  It will supply customers in the North of England and Scotland and complements NWF's existing facilities in the Midlands and South West.

Richard Whiting, Chief Executive of NWF Group plc said:

"The acquisition of Jim Peet further improves our UK Feeds market share and provides a strategic manufacturing site in the North to support our development plans in Scotland and the North of England. This bolt-on acquisition is in line with our stated growth strategy to expand within Agriculture and we look forward to working with its management team to develop the business further."

 

 

For further information please visit www.nwf.co.uk or contact: 

 

Richard Whiting, Chief Executive Brendon Banner, Finance Director NWF Group plc Tel: [phone]

Reg Hoare /Andrew Leach / Kelsey Traynor MHP Communications Tel: [phone]

Justin Jones / Mike Bell Peel Hunt LLP (Nominated Adviser) Tel: [phone]

 

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