27 August 2014
Proposal for phased closure of RF Brookes, Leicester
Boparan Holdings Limited, the holding company for 2 Sisters Food Group, has today, regrettably, announced a proposal to enter into a phased closure of the RF Brookes food manufacturing site in Leicester. To further improve efficiency, the company is proposing to transfer the remaining products from the loss making Leicester site to other company factories and close the site during the first quarter of 2013, following a 90 day consultation period with our 229 colleagues.
Since 2 Sisters Food Group acquired the three Brookes Avana facilities in December 2011, we have seen positive progress in attracting new business into the Rogerstone Park and Avana sites, to return those sites to growth. Regrettably, the Leicester site, which saw the phased exit of pie products in previous ownership, has been operating well below capacity and the site is not sustainable.
There will be no impact on revenue from the Brookes Avana business as a result of today’s announcement, with all remaining production from Leicester transferred to other facilities under the proposal. The Leicester site has a net asset value of approximately £8 million.
Please go to the Investor Relations section of the corporate website at www.2sfg.com for contact details.