Samworth Brothers buys 2 Sisters sandwich factory

2 Sisters Food Group has sold its Manton Wood factory to Samworth Brothers in a move that it says will allow it to concentrate on its core business.

The Nottinghamshire plant produces a range of retailer chilled sandwiches, wraps and rolls and employs around 1,000 people.

Ranjit Singh, president of Boparan Holdings, said:

“This transaction is a significant deal and marks another positive step forward in the transformation of our business.

“It further strengthens our balance sheet, with a combined total of more than £350m in cash proceeds from the three disposals we have made in the past six months.

“As a Group we are following through with our promises and focusing on our key strengths.

“This deal ensures Manton Wood is sold to a good new home that will enable it to continue to flourish and thrive.

“Any sale we make has to be at the right time, with the right buyer, and it has to be a deal that fits with our long-term strategy. This deal does just that.”

Ronald Kers, chief executive of 2 Sisters Food Group, added: “Our transformation is progressing well as we continue to give greater focus on our core, strengthen our management team and improve our operational performance.”