Avara Foods will combine Cargill’s fresh chicken business in the UK and Faccenda’s fresh chicken, turkey and duck business
It follows Competition and Market Authority (CMA) approval in December and will be a 50/50 shared ownership between Cargill and Faccenda.
It will employ 6,000 people in a fully integrated supply chain.
Andy Dawkins, chief executive of Avara Foods, said it was an exciting day.
“Launching Avara Foods brings together two successful businesses with high standards, shared values and strong reputations for building sustainable partnerships with customers, growers and suppliers.
“Now the opportunity is to take the best from both and provide our customers with great service and innovation from a trusted leader in fresh foods.
“We believe that it is our strong values and talented people that make the difference and will be key to the success of our business now and in the future,” he added.
“Our first step is to make sure that there is a smooth transition as we bring together the two businesses as Avara Foods, and establish a solid platform for growth.”
(Source – https://www.agrimoney.com/news/cargill-and-faccenda-joint-venture-launched-51226)