The manufacturer has acquired the entire share capital of JSR Genetic Ltd from JSR Farms Ltd, including its pig genetics and pig farming operations.
“JSR Genetics is a leading UK based pig genetics company, located in East Yorkshire and is renowned for its innovative genetic solutions for cost effective pig production,” read statement from Cranswick. “Genetic improvement is centred around sustainability and efficiency.
“Extensive research and innovation deliver pig genetics with a continuous improvement in production efficiency, meat quality, animal health and robustness.”
Trading update
Cranswick revealed the acquisition in its trading update for the 12 weeks to 28 December 2024, in which the processor boasted strong revenue growth – underpinned by ‘excellent’ volume growth across its core UK food business.
Commenting on the last quarter, chief executive Adam Couch said the business had delivered a record Christmas trading period while thanking the team for their dedication and support while delivering excellent performance.
“I am delighted to announce the acquisition of JSR Genetics, a leading pig genetics supplier and commercial pig producer based in East Yorkshire,” Couch added. “This acquisition increases the scale of our indoor pig production, further securing supply for our customers’ pork requirements.
Drive ongoing improvements
“The addition of an integrated pig genetics supply chain will allow us to drive ongoing improvements in production efficiency, meat quality, animal health and robustness, for the long-term benefit of our customers and the UK consumer.
“As we look ahead to the new financial year, we will need to manage the well-publicised inflationary pressures alongside wider economic uncertainty and food security risks, but our business is in great shape, and we are well placed to successfully manage the challenges that may lie ahead.”
The Company’s next scheduled comment on trading will be the preliminary results announcement for the 52 weeks ending 29 March 2025, on Tuesday 20 May 2025.
Meanwhile, Valeo Foods Group has completed its acquisition of independent confectionery manufacturer I.D.C. Holding, a ‘transformative’ deal that will allow the manufacturer to further expand in Central and Eastern Europe.
