Cranswick has successfully acquired the entire share capital of JSR Genetic Ltd from JSR Farms Ltd, significantly enhancing its pig genetics and farming operations.
“JSR Genetics is a leading UK-based pig genetics company located in East Yorkshire, renowned for its innovative genetic solutions designed for cost-effective pig production,” stated Cranswick. “Genetic improvement focuses on sustainability and efficiency.”
“Through extensive research and innovation, we deliver pig genetics that continuously improve production efficiency, meat quality, animal health, and robustness.”
Trading Update
In its trading update for the 12 weeks ending 28 December 2024, Cranswick disclosed the acquisition, along with strong revenue growth driven by exceptional volume increases across its core UK food business.
Chief Executive Adam Couch commented on the last quarter’s performance, noting that the company achieved a record trading period during Christmas. He expressed gratitude towards the team for their dedication and contribution to this 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 amplifies our indoor pig production scale, thereby further securing supply for our customers’ pork requirements.”
Driving Ongoing Improvements
“Incorporating an integrated pig genetics supply chain will enable us to drive ongoing enhancements in production efficiency, meat quality, animal health, and robustness, benefiting our customers and the UK consumer in the long run.”
“Looking ahead to the new financial year, we must navigate well-publicized inflationary pressures, broader economic uncertainty, and food security risks. Nevertheless, our business remains robust, positioning us well to address any forthcoming challenges.”
The Company’s next scheduled trading comment will be its preliminary results announcement for the 52 weeks ending 29 March 2025, set for Tuesday, 20 May 2025.
Meanwhile, Valeo Foods Group has successfully completed its acquisition of independent confectionery manufacturer I.D.C. Holding, a transformative deal aimed at expanding its footprint in Central and Eastern Europe.