Boparan Holdings Limited’s European Poultry business is being sold to the Boparan Private Office in a deal worth more than €200m.
A spokesman said the deal was significant and transformational, and unlocked many opportunities for the future.
The sale strengthens BHL’s 2 Sisters Food Group’s balance sheet, enabling it to reduce debt levels to the lowest point in over a decade. It also activates radical plans for its ‘next generation’ investment programme.
It means the European poultry business, under the BPO, will have a dedicated regional focus on its European markets, unlocking undoubted growth opportunities through a focus on quality, animal welfare and sustainability.
The deal is subject to Polish anti-trust approval with an anticipated completion date this month.
Further investment plans will be announced in due course as this change is embedded and its potential is fully realised in the coming months.