Search

Gressingham duck owners behind two multi-million pound poultry deals in the last 12 months

PUBLISHED: 12:15 10 February 2016 | UPDATED: 13:53 12 February 2016

William (right) and Geoffrey Buchanan, who are joint MDs of Gressingham Foods.

William (right) and Geoffrey Buchanan, who are joint MDs of Gressingham Foods.

The owners of Gressingham Duck have been behind two multi-million pound deals in the last 12 months which will extend their influence in the poultry market.

William and Geoffrey Buchanan, whose parents founded the Woodbridge-based company in 1971, have bought East Tuddenham-based Autumn Foods and Reids of Norwich in separate deals for undisclosed sums.

The two brothers were appointed as directors to Autumn Foods Ltd in March last year, and a new company, Autumn Foods Holdings Ltd was incorporated in January last year.

Autumn Foods then bought Reids of Norwich in December in a bid to “further enhance its position as a leading provider of poultry and meat produce to the worldwide wholesale market”, with Geoffrey and William Buchanan appointed directors on December 23.

The deal was overseen by law firms Grant Thornton and Birketts.

Speaking at the time of the Reids of Norwich deal, Geoffrey Buchanan said: “This is the second deal we have completed with the Grant Thornton advisory team in a year and should effect a step change in our business, allowing us to achieve new levels of growth.”

Gressingham Foods, originally Green Label Foods, has gone from strength to strength in recent years to become a national brand and is a principal supplier of duck to the UK retail sector.

The family business is the only company in the world licensed to produce Gressingham Duck, a cross-breed of wild Mallard and Pekin.

William and Geoffrey Buchanan did not wish to comment further on the deals.

Are you planning an acquisition? Call business writer Sabah Meddings on 01603 772879.

Search hundreds of local jobs at Jobs24

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Eastern Daily Press visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Eastern Daily Press staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Eastern Daily Press account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to receive our regular email newsletter

Insight

For many the most thrilling part of starting a business comes in the early days, buoyed by those first sales when you might be running your fledgling enterprise from the kitchen table.

A global boom in the use of smart meters is set to fuel the growth of a pioneering East Anglian engineering company after it struck a major production deal with a leading Indian manufacturer.

Green 100

cover

Enjoy the Green 100
digital edition

Read
0

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented