Business

UK’s CMA Clears Sale Of 2 Sisters Sandwich Business

Located at Manton Wood, Nottinghamshire, Manton Wood sandwich business produces a range of retailer chilled sandwiches, wraps, and rolls (Photo: Deb Lindsey for The Washington Post via Getty Images).

By: Radhakrishna N S

The UK’s Competition and Markets Authority recently cleared the acquisition of the Manton Wood manufacturing site of 2 Sisters Food Group by Samworth Brothers Limited.

Boparan Holdings, the parent company of 2 Sisters, had announced on October 31 that the disposal of its sandwich business as part of a strategy to strengthen core operations.

Located at Manton Wood, Nottinghamshire, Manton Wood sandwich business produces a range of retailer chilled sandwiches, wraps, and rolls.

At the time the disposal was declared, Ranjit Singh Boparan, the president of Boparan Holdings, the parent firm of 2 Sisters Food Group, described the transaction as a ‘significant deal’.

Ranjit Singh further added, “this transaction is a significant deal and marks another positive step forward in the transformation of our business.

It further strengthens our balance sheet, with a combined total of more than £350 million in cash proceeds from the three disposals the company made in the past six months, he noted.

Earlier in July, Boparan had announced the sale of its red meat businesses, trading as 2 Sisters Red Meat Limited, to Irish based meat producer Kepak Group.