Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

Indian-origin 'Chicken King' Sells UK Pudding Business for 67 Million Pounds

The group founded by Ranjit Singh Boparan confirmed on Thursday that it has entered into a binding contract for the sale of its Matthew Walker Christmas puddings business to Valeo Foods Group.

PTI

Updated:October 11, 2019, 7:35 PM IST
facebookTwitterskypewhatsapp
Indian-origin 'Chicken King' Sells UK Pudding Business for 67 Million Pounds
Image for representation only. Photo: Reuters

London: UK food manufacturer 2 Sisters Food Group, owned by Indian-origin businessman Ranjit Singh Boparan, has announced the sale of its puddings business for 67 million pounds.

The group founded by Boparan, who is referred to as "chicken king" being among the largest suppliers of poultry in the UK, confirmed on Thursday that it has entered into a binding contract for the sale of its Matthew Walker Christmas puddings business to Valeo Foods Group.

It is another significant deal, with good enterprise value, underlining our commitment to transforming our business, said Boparan, President of Boparan Holdings Limited the holding company of the 2 Sisters Group.

It strengthens our balance sheet even further and shows we are following through with our promises by focusing on our key strengths, he said.

Matthew Walker is based at Heanor in Derbyshire and is credited as the world's oldest Christmas pudding maker, with a strong market position in its sector. Its sale to Valeo Foods Group adds another name to the Dublin-based company's portfolio of 68 international food brands, which includes some UK household names such as Jacobs and Rowse.

Ronald Kers, CEO of Boparan Holdings, added: This sale is further good news as we continue at pace with our turnaround plan.

We remain very much on track to meet our strategic aims of focusing on our core businesses and improving our operational performance.

The company said the finalisation of the Matthew Walker transaction is subject to customary closing conditions and is expected to complete in the coming weeks.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results