Chicken King Ranjit Singh Boparan acquires Northern Foods
4th May 2011

Chicken 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.