With an impressive turnover of £122 million, DB Food Group operates a distribution depot in Dorset and a processing facility in Poole. This strategic positioning underlines their commitment to serving the food and beverage packaging industry effectively.
Paramount Retail Group’s Acquisition
To bolster its operational strategy, Paramount Retail Group has initiated a new holding company called Paramount Food Group. This move will enable enhanced investment, customer retention, operational integration, and overall expansion.
As a result of this acquisition, the revenue at Paramount Retail Group now stands at £230 million, surpassing its initial target of exceeding £200 million in sales by the end of 2025. Notably, the financial specifics of the deal remain undisclosed.
Paramount Retail Group’s Workforce and Investment
With 17 sites across the UK and 2 in Asia, Paramount Retail Group employs over 750 individuals and boasts multiple investments within the retail and manufacturing sectors.
Statements from Leadership
“Joining the Paramount portfolio allows DB Food Group to strengthen its offering while staying true to what customers value with the excellent quality and variety of produce available,” said Paramount Retail Group chair, Paul Taylor.
“We’re proud to support the UK food industry, from farming to the high street, providing stability for many in the food industry, whilst we continue to back British brands,” he added.
Furthermore, Paramount Retail Group executive director Sunny Sharma remarked, “DB Food Group is one of the leading meat wholesalers in the UK, championing British farming and ethical supply practices, with over 30 years of expertise.”
“We’re looking forward to assisting the growth of the company and the new opportunities this partnership unlocks, together. This acquisition reflects our shared vision to build a more transparent and more sustainable future for the food industry in Britain,” he concluded.