New joint venture, Cargill and Faccenda combine poultry business
Food producer Cargill will create a new British joint venture with UK peer Faccenda Foods focused on poultry production, the two firms said in a statement on Monday. The newly-formed company, in which both will have an equal stake, plans to employ about 6,000 people in the UK.
Andy Dawkins, managing director for Faccenda Foods, will be CEO of the newly formed company and Chris Hall, fresh chicken director for Cargill Meats Europe, will be appointed Chief Commercial Officer.
“We believe the two organizations are complementary. Combining into one entity allows us to build on our strengths, grow in the market and better serve our customers,” said Chris Langholz, president of Cargill Poultry. “The venture will facilitate greater opportunities to innovate and deliver new and exciting poultry products for consumers.”
Irrespective of the joint venture, UK Cargill will continue its poultry processing and selling of cooked poultry products in Balliol, Wolverhampton. It will also handle its poultry import, trading and distribution business.