2 Sisters

Valeo, the Irish food firm, is to acquired the UK puddings business Bakery Foods, trading as Matthew Walker, from the UK food giant 2 Sisters in a deal worth £67 million ($85 million), according to a FoodBev report. Based in Derbyshire where it operates a factory employing 200 staff, Matthew Walker produces Christmas puddings, sponge puddings and other traditional British desserts under its namesake brand for both retail and foodservice …

Investment firm Boparan Holdings, the parent company of 2 Sisters Food Group, is to table a bid to acquire troubled UK turkey producer Bernard Matthews, according to a report in the Telegraph. The business, which has reportedly been loss-making in recent times, is said to have been up for sale for a number of months after present owners Rutland Partners, a private equity firm, struggled to revive the firm’s fortunes. …