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UK: Halal chicken supplier 2Sisters takeover battle for Northern Foods

12/3/11

Ranjit Singh Boparan

Ranjit Boparan the man behind the 2 Sisters Food Group is one of the largest supplier of chicken and Tesco’s biggest supplier of chicken placed a bid for £342 for the biscuit and pizza manufacturer beating rival Greencore. Greencore is the Dublin-based company which makes own-label sandwiches for supermarket chains.

The 2Sisters Letham Site is the producer of halal chicken certified as halal by the Halal Food Authority ‘Shahadah’ Chicken where slaughter takes place through machine slaughter and concerns raised by Muslim faithleaders in the UK over it’s permissibility for the production of halal chicken.

The entrepreneur, who also owns Harry Ramsden’s, the fish and chip shop operator, also increased his stake in Northern to 13.61% yesterday.

In a statement to the London  Stock Exchange, Boparan Holdings – the company via which Boparan has made the bid – revealed it had received valid acceptances for 48.25% of Northern’s share capital.

The statement said: “The boards of both Boparan and Northern Foods urge shareholders to accept the recommended cash offer by Boparan before the next closing date of the offer on March 16 2011.”

 

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