THE UNITED KINGDOM, London. Cargill and Faccenda Foods are establishing a joint venture to create a UK food company focused on chicken, turkey and duck. The venture will be a standalone business, where both companies will hold equal shares.
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.”
The joint group plans to employ 6,000 people in the United Kingdom, with workers coming from both Cargill and Faccenda Foods. The name of the new joint venture will be announced when the deal is finalized.
“Both Cargill and Faccenda are recognized today by their customers for their high standards and great service,” said Ian Faccenda, CEO of Faccenda Investments. “The new joint venture confirms our long-term commitment to being a responsible partner across the entire supply chain, providing stability and security to our customers, suppliers and growers for years to come.”
Cargill’s fresh chicken business in the UK consists of laying farms, breeder farms, hatcheries, a feed mill, grow-out facilities and three poultry processing facilities employing 2,500 people. Cargill processes around 2.1 mill. birds per week in the UK.
Faccenda’s poultry business employs around 3,600 people and processes around 2 mill. chickens, 3.5 mill. turkeys and 5.5 mill.ducks per year.