DLA Piper has advised Boparan Holdings Limited, the parent company of 2 Sisters Food Group, a leading UK food company, on the sale of its red meat business (2 Sisters Red Meat Limited) to Irish-based meat producer, Kepak Group.
2 Sisters Red Meat Limited has four facilities in the UK, including its flagship site in Merthyr Tydfil. The sale is part of 2 Sisters' long term business strategy to streamline and re-invest in the wider Group.
The DLA Piper team was led by a Birmingham-based corporate team that included partner Noel Haywood, senior associate Simon Wright, associate Liam McLoughlin and trainee solicitor Harry Eastgate. IPT senior associate, David Booth advised on the commercial aspects of the transaction. Partner, Roger Collier advised on real estate matters and tax advice was provided by senior associate Nick Hinton.
Commenting on the transaction, Noel Haywood, said: "2 Sisters Food Group is a long standing client of the firm and we are delighted to have advised them on this transaction. The deal represents yet another example of our strength and experience in executing transactions in the food and beverage and wider consumer and retail sector."
Ranjit Singh, President of Boparan Holdings Limited, said: "We are pleased to announce the sale of our red meat business to a very good new home. This sale comes at the right time for the business, and with the right buyer, and we wish them every success in the future."