Irish meat processor Kepak Group has entered the chilled sandwiches and frozen snacks market for the first time with the acquisition of Summit Foods.
Summit Foods specialises in chilled and frozen convenience foods, with annual revenues of £24m last year and a team of 200 employees.
“This acquisition aligns with our growth strategy, developing our presence in the UK convenience and out-of-home food channels,” said Kepak CEO Brian Farrell.
“Summit’s portfolio of fresher for longer sandwiches, chilled and frozen meals and snacks complements our existing micro snacking offerings and allows us to deepen our presence across these markets.”
Summit Foods will continue to operate from its current base in Preston, with no immediate changes to its operations, branding, or customer offerings. Its leadership team will remain in place for a six-month transition period to facilitate a smooth transition, Kepak said.
Kepak plans to leverage its existing distribution network and market expertise to support future growth for Summit Foods.
The two companies will align operations with potential synergies seen in product development and distribution.
Kepak Foods is the UK’s 38th biggest supplier with an annual turnover of £585m, according to The Grocer’s latest rankings. It operates 13 manufacturing facilities throughout Ireland and the UK, with sales offices in Europe, the US and Asia.
No comments yet