Business News 2011 Business
King Ranjit Singh Boparan acquires Northern Foods
Chicken King Ranjit Singh
Boparan acquires Northern Foods
4th May 2011
King Ranjit Singh Boparan has of today acquired
a controlling stake in Northern Foods having aggregated
384, 216, 311 Northern Foods Shares, representing
approximately 90.18% of the shares to which the
Offer relates - a majority stake. The £342
million acquisition of Northern Foods will increase
Boparan's turnover to more than £2 billion
and transform the enlarged group into one of the
biggest players within the British convenience foods
market. Indeed, the combined Boparan Group/Northern
Foods business will rival Premier Foods as the UK's
largest domestic food processor.
On 7th April, Boparan Holdings
started the process of delisting Northern Foods'
shares from the London Stock Exchange after its
£342m offer for the UK convenience food
company was declared unconditional in all respects.
It is anticipated that cancellation of the listing
will take effect on or around May 11th 2011. Northern
Foods will then be re-registered as a private
limited company, incorporating the 2 Sisters poultry
group which he founded with his wife Baljinder.
Ranjit Singh Boparan is Chief
Executive of chicken processor the 2 Sisters Food
Group, which he established in 1993, developing
the company from a small scale frozen retail cutting
operation into a £700m turnover international
food business with ten manufacturing sites in
the UK, six in Holland and one in Poland. The
group employs around 7000 people and annual sales
now approach £1 billion. The West Bromwich
based firm supplies all the top supermarkets,
including Tesco, Waitrose and Marks & Spencer
and owns the Buxted & Devonshire Red brands.