Member Article

Hull’s Cranswick plc foods report increase in sales after £20 million investment

Hull’s Cranswick foods has reported that underlying sales have increased by 12% in the year ended 31 March 2014.

Total sales for the year were 13% higher after taking into account the contribution from acquisitions.

“Strong growth” was seen across most product categories, particularly fresh pork, bacon and cooked meats.

Export sales were well ahead of the levels reported in the previous financial year, reflecting robust demand for pork products in Far Eastern markets.

The group invested in excess of £20 million in its infrastructure during the year ended 31 March 2014, allowing it to further improve operational efficiencies and to launch new product ranges.

The group’s new gourmet pastry facility at Malton, North Yorkshire, was successfully commissioned earlier in the financial year, albeit with higher than anticipated start-up costs and work is ongoing on the extension to the Milton Keynes cooked meats facility which will add substantial capacity and deliver further efficiency gains.

This was posted in Bdaily's Members' News section by Clare Burnett .