Produce World is on the verge of acquiring Fenmarc’s roots division, FPJ can reveal.
Staff at Fenmarc’s roots site at Swinderby were told last week that they would be transferring to a new company, Swinderby Produce, ahead of a proposed acquisition by Produce World Group.
A spokesman for Produce World confirmed that the deal is currently being finalised and is subject to contract.
Richard Anderson, managing director at Fenmarc, told FPJ: 'Fenmarc Produce is currently in exclusive discussions with Produce World Group for the sale of shares, subject to contract, in the Swinderby root business.
'We anticipate that this sale will be concluded by the end of October 2014. Before the sale of the shares the business, including all of its assets, will be transferred into a subsidiary of Fenmarc Produce, which will be called Swinderby Produce.'
FPJ understands the name Swinderby Produce is just a temporary measure while the sale completes, and the site could be re-named along the same lines as other Produce World divisions once the purchase is finalised.
After Produce World bought out Marshalls, it renamed it Produce World Butterwick, with other divisions also named after the sites' locations.
Produce World has been active on the acquisition trail in recent times, buying up Scottish root veg specialist This Is Organic (TIO) in July and indicating further activity was on the cards.
Earlier this month it also tied up a strategic alliance with Lincolnshire Field Products for brassica supply.
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