Food and Beverage Business
Finance

Tiffin Sandwiches Set to Generate 400 Jobs with New Food Manufacturing Facility in the UK

Tiffin Sandwiches Set to Generate 400 Jobs with New Food Manufacturing Facility in the UK Refrigerated Food and Beverage Business

Tiffin Sandwiches, a prominent convenience food supplier, is set to expand its operations with a new manufacturing site in the UK, projected to generate approximately 400 new jobs.

The new facility will be established in Bradford, the same city that currently hosts Tiffin’s existing production and distribution center, along with its commercial offices. The company specializes in providing sandwiches, wraps, panini, and salads to the hospitality sector.

To realize this project, Tiffin is investing between £8 million and £10 million (approximately $10.6 million to $13.3 million) into the new plant, which will be located adjacent to its current site on Commondale Way. Additionally, Tiffin operates another manufacturing location in Chester, situated in the northwest of England.

According to Luke Tetley, Tiffin’s operations manager, this investment will primarily fund the construction of the new plant. The land for the facility has already been secured for roughly £2.5 million, while equipment costs could reach an additional £5 million.

This expansion comes in response to new business acquisitions, as Tetley emphasized that the new plant will provide the capacity necessary for the company’s future growth. Although he refrained from disclosing specific capacity expansion figures, the new facility represents a significant move to enhance Tiffin’s market presence.

Tetley anticipates that the construction of the new factory will be completed this winter, with an additional timeframe of 12 to 18 months required for the facility to operate at full capacity.

Currently, Tiffin supplies educational institutions throughout the UK, including schools, colleges, and universities. The company also caters to businesses, hotels, libraries, and the travel industry, employing a workforce of 600 staff members.

In the financial year ending May 31, 2023, Tiffin reported a turnover of £35.9 million, reflecting a 27% increase compared to the previous year. Operating profit rose from £2.1 million to £2.8 million, with net profit nearly doubling to £2.2 million.

Within the same market segment, Greencore, based in Dublin, stands as one of the largest convenience food suppliers in the UK, supplying the food-to-go market. Under the leadership of recently appointed CEO Dalton Philips, Greencore is actively working to recover from the disruptions caused by the pandemic, as seen in their half-year results released in May, which highlight the effectiveness of a newly introduced strategy.

As consumers continue to seek convenient food options, Tiffin Sandwiches is well-positioned to leverage current trends in the food and beverage industry, with a focus on meeting the evolving demands of food and drink consumers.

 

Related posts

Danone India’s Investment Strategies Indicate a Comeback in Dairy Products

FAB Team

Europastry Revives IPO Plans to Secure €555 Million

FAB Team

Marfrig-Minerva Asset Sale Approved, But Factory Must Be Included in the Deal

FAB Team