SugaRich acquires former foodstuffs processor of Duynie France to expand its operations in Europe
UK Market leader in former foodstuff processing, SugaRich, joins forces with French feed powerhouse to garner strong position in European former foods sector.
SugaRich is delighted to announce that it has agreed to acquire the former food processing business of Duynie France, located in Pannecé, which will operate under the SugaRich brand.
This transaction accelerates SugaRich’s strategic ambitions to grow its international footprint and positions the group as one of the largest European businesses in the former foods sector.
The former foods sector is developing at pace, with food manufacturers looking for closer, more intrinsic relationships to support them in reducing food waste, and where it cannot be eliminated in helping them to use it in an economically and sustainably beneficial way. Developing its systems to align with these shifting market trends, SugaRich has created technology which actively helps food manufacturers reduce waste, and built collection systems to maximise the value and impact of the remaining product.
“It is clear that consolidation in the food and feed sector is accelerating and consistent with our growth strategy. We will look for opportunities to develop our business for the long term by growing our presence in new territories and delivering our innovative approach to surplus foodstuffs to an even wider customer base across Europe.” said Alex Keogh, Managing Director, SugaRich.
This is an exciting time and one that cements the ambition of SugaRich in the co-products industry. SugaRich is delighted to have inherited a fantastic team in Pannecé , a strong supplier base and loyal customers. It will endeavour to build on that platform by bringing to France, industry leading technology and processes to enable building a larger, stronger and more dynamic business.
Andrew Newton SugaRich CEO adds “The SugaRich ethos is to provide a low environmental footprint animal feed, and this acquisition supports that value. What we start with in France is an impressive business and one that will be central to our European growth, leading the way in alternative feeds.”
Following the exchange, SugaRich can confirm that Duynie SASU has decided to concentrate its business on the direct supply of moist and liquid co-product feeds to French livestock farmers. This brings Duynie’s SASU’s business model in line with its sister companies trading across Europe under the brand of Duynie Feed.